4030 S Indiana Avenue, Chicago, IL 60653

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
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 13, 2026 at 10:28 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
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