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4016 S Indiana Ave, Chicago, IL, 60653

8beds
3baths
--sqft
$594,990
--price/sqft
$4,267/moest. monthly cost
$170,680/yrincome needed

About This Home

Outstanding opportunity to own a solid multi-unit building in the heart of Bronzeville/Grand Boulevard, one of Chicago's most dynamic and evolving neighborhoods. Located on THEE sought-after South Indiana Avenue, this property offers the flexibility and potential that today's investors and owner-occupants are seeking. The building features spacious 3-bedroom units on both the first and second floors, along with a finished lower level offering additional bedroom and bathroom space. The versatile layout provides multiple options for income generation, including long-term rentals, owner-occupancy with supplemental rental income, or future value-add opportunities. Additional highlights include a garage, on-site parking, and separate tenant-paid utilities, enhancing operational efficiency and investment appeal. Ideally situated near the South Loop, Lake Michigan, downtown Chicago, Hyde Park, public transportation, and major ongoing neighborhood development, this property is well-positioned for both current income and long-term appreciation potential. A rare opportunity for investors and owner-occupants alike to secure a property in one of Chicago's most historic and revitalized communities. Buyer to independently verify zoning, unit legality, rents, taxes, leases, expenses, and all MLS information.

Getting Around

78
WalkingVery Walkable
71
TransitExcellent Transit
69
BikeBikeable

Schools

2/10
1/10

Construction

Condition

  • Year built: 1906

Materials

  • Construction materials: Stone

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3
  • Full bathrooms: 3

Heating

  • Heating features: Natural Gas,Forced Air

Property

Details

  • Parcel number: 20031080180000
  • Zoning: MULTI
  • Special condition: None

Features

  • Exterior features: Balcony

Lot

  • Lot size: 4,025 sqft

Parking

  • Total spaces: 1
  • Parking features: Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1