4030 S Indiana Avenue, Chicago, IL 60653

Chicago
Local realty services provided by:ERA Partners
4030 S Indiana Avenue,Chicago, IL 60653
$895,000
  • 11 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: philip leigh, quinn evans
Office: essex 312, llc.
MLS#:12677712
Source:MLSNI

Price summary

  • Price:$895,000

About this home

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.

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Home facts

  • Listing ID #:12677712
  • Updated:August 15, 2026 at 08:58 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:23
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Natural Gas

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Tax amount:$13,113 (2024)

Parking

  • Total parking spaces:2
  • Parking description:Unassigned
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior

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