4030 Indiana Avenue, Grand Boulevard, Chicago, Illinois 60653
$865,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $13,113 |
| Days On Market: | 89 |
| Lot Size: | 0,00 |
Description
Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, gas-forced air furnaces with duct work, and laminate counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from the CTA Green line station, providing a short commute downtown for owners and tenants alike.
Property Specifics
| Multi-unit | |
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| Cook | |
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| 12677712 | |
| 20031080400000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Aug, 2026 | Sold | $865,000 | MRED MLS |
| 26 Jun, 2026 | Under contract | $895,000 | MRED MLS |
| 15 Jun, 2026 | Listed for sale | $895,000 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 8
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 3777 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $13,113 |
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Listing Provided By
Essex 312, LLC
