5410 S Indiana AVE, Chicago, IL 60615

$810,000

$849,000

4.6%
Est.Price: ?

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Est. payment /mo

14,841 SqFt


SOLD DATE : 09/25/2026

Key Details

Sold Price $810,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 14,841 sqft

Price per Sqft $54

MLS Listing ID 12601233

Sold Date 09/25/26

Maintenance Fees $3,487

Year Built 1892

Annual Tax Amount $14,676

Tax Year 2024

Lot Dimensions 50X161

Property Sub-Type Multi Family 5+

Property Description

Nestled in the heart of Chicago's rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area's ongoing development, including the future Obama Presidential Center. With property values steadily rising, this investment represents a rare opportunity for savvy investors. Boasting a classic stone facade and a grand marble entryway, this well-maintained building exudes timeless charm. Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet, featuring high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light. Hardwood floors and well-kept common areas add to the appeal, ensuring tenant satisfaction and full occupancy. Additionally, the building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage. With a solid history of long-term tenants, this property is a proven income generator. For investors looking to maximize returns, there is untapped potential in the lower level, where a 7th and possibly 8th unit could be developed, both areas have ingress and egress access. Updates include a 2011 boiler to enhance the property's efficiency. The seller is open to discussing owner financing terms provided the seller is in first position with collateral, thereby expanding this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.

Location

State IL

County Cook

Area Chi - Washington Park

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Sewer Connected

Building

Water Municipal Water

Structure Type Brick,Stone

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Midwest Real Estate Data (MRED) IDX
Listed by Paul Frischer of  Berkshire Hathaway HomeServices Chicago 
Bought with Paris McCoy of HomeSmart Realty Group

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