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5410 S Indiana Avenue Chicago, IL 60615

$849,000
New / MLS# 12601233 / Multi Unit - Multiple / Chicago
0 Beds
14841 SqFt

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.

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Baird & Warner Brady Byrne Agent Cell: 630.220.0037 Email

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Estimated Payment

$ 3,357.29 per month $1,886.67 Principal & Interest $1,223.00 Property Tax $247.63 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Lot Size: 0.18 Acres
Stories: 3.0
Taxes: $14,676
Year Built: 1892

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers, Separate Meters
Exterior: Brick, Stone
Fire Protection: Smoke or Fire Protectors
HVAC: Central Bldg Heat, Gas, Radiators, Steam
Lot Dimensions: 50X161
Parcel#: 20103100490000
Tenant Pays: Electricity
Units: 6
Utilities: Sewer Connected

Location

See details and scored characteristics about this location.

Listing Office: Berkshire Hathaway HomeServices Chicago

Listing Office Phone: 847-492-9660



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