4823 Indiana Avenue, Grand Boulevard, Chicago, Illinois 60615
$650,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1895 |
| Property Taxes: | $9,881 |
| Days On Market: | 32 |
| Lot Size: | 0,00 |
Description
Investment grade 3-unit brick and stone multi-family building in Chicago's historic Bronzeville neighborhood. This gated 3-flat offers approximately 8 bedrooms and 3 bathrooms across three separate units; ideal for rental portfolio builders, house hackers, and owner-occupants seeking flexible South Side Chicago real estate with immediate cash-flow potential and long-term value-add upside. Each unit provides spacious living quarters, giving the next owner the flexibility to lease all three units for full rental income, occupy one unit while collecting rents to assist or cover the mortgage, or configure the property for a multi-generational living arrangement. Recent capital improvements include a new roof and a completely rebuilt back porch and deck system, reducing near-term repair exposure for incoming investors. The finished walk-out basement adds usable square footage suited for tenant storage, future expansion, or a recreation room, a built-in value-add lever for the next owner. Outside, a fully fenced backyard provides private outdoor space for gatherings, gardening, or tenant amenity appeal. A detached 2.5 car garage offers covered parking and additional storage a premium feature in dense Chicago multi-family inventory. Located in Bronzeville on Chicago's South Side, the property sits minutes from CTA Green Line and Red Line stations, multiple bus routes, and the Dan Ryan Expressway (I-90/94), giving tenants direct access to downtown Chicago, the Illinois Institute of Technology, the University of Chicago, McCormick Place, and the Hyde Park lakefront. Nearby attractions include the Bronzeville Walk of Fame along Martin Luther King Drive and the 31st Street Beach on Lake Michigan. Strong rental demand, established neighborhood fundamentals, and recent infrastructure updates make this Bronzeville 3 flat a compelling addition to any Chicago multi-family portfolio. The property is offered AS-IS, leaving room for investors to add value through cosmetic updates, unit-by-unit renovations, or repositioning. Schedule a private showing to evaluate this Bronzeville investment opportunity. Fully occupied building; 48 hour notice required.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1895 | |
| — | |
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| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12649249 | |
| 20101090000000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 26 Feb, 2007 | Sold | $415,000 | MRED MLS |
| 21 Jan, 2007 | Under contract | $435,000 | MRED MLS |
| 16 Jan, 2007 | Listed for sale | $435,000 | MRED MLS |
| 27 Mar, 2015 | Sold | $165,000 | MRED MLS |
| 19 Jun, 2014 | Under contract | $210,000 | MRED MLS |
| 4 Jun, 2014 | Listed for sale | $210,000 | MRED MLS |
| 30 Apr, 2015 | Under contract | $0 | MRED MLS |
| 30 Apr, 2015 | Listed for sale | $0 | MRED MLS |
| 2 Sep, 2022 | Sold | $415,000 | MRED MLS |
| 8 Jul, 2022 | Under contract | $389,999 | MRED MLS |
| 1 Jul, 2022 | Listed for sale | $389,999 | MRED MLS |
| 15 May, 2026 | Listed for sale | $650,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Dimensions: —
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Dimensions: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| — | |
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| 25X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2007 | $1,810 |
| 2015 | $3,291 |
| 2022 | $5,092 |
| 2026 | $9,881 |
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Listing Provided By
Serene Realty, Inc.
