5905 South Indiana, Chicago IL 60637
$655,000

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Property Description

Incredible Investment Opportunity - Fully Updated 3-Flat with Immediate Cash Flow Potential! Welcome to this exceptional brick 3-flat, a rare find offering both modern updates and strong rental income potential. Two of the three spacious units are already leased to long-term tenants, making this a turnkey investment for the savvy buyer-or an owner-occupant looking to live in one unit while generating income from the others. Each of the three units offers a thoughtfully designed layout with 3 generously sized bedrooms and 2 full bathrooms, providing ample space for families or roommates. You'll find beautiful hardwood flooring throughout the main living areas, warm Berber carpeting in the bedrooms, and ceramic-tiled baths that give each unit a clean, modern feel. Kitchens are equipped with dishwashers, plenty of cabinetry, and room to dine in, while in-unit laundry rooms add tremendous convenience for tenants. Secured parking offers peace of mind and added value for residents. Located in a desirable neighborhood with easy access to schools, shopping, and transportation, this building checks all the boxes. Whether you're an experienced investor or a buyer, this property is a rare opportunity with immediate income and long-term upside. Don't miss your chance to own this income-generating gem-schedule your showing today!

Features & Information

Key Details

  • List Price $655,000
  • Property Taxes $2,662.34
  • Price/ Sq. Ft. Unavailable
  • Year Built 2009
  • Parking Type Space/s
  • Status Price Change

Rooms

  • Total Rooms 18
  • Basement N

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  3

Building Information

  • Number of Units 3
  • Age of Building 16-20 Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Dishwasher
  • Unit 2 Stove, Refrigerator, Dishwasher
  • Unit 3 Stove, Refrigerator, Dishwasher

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property 59th To Prairie, S To 60th, W To Indiana To Property.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 2662.34
  • Tax Year 2022
  • Tax Exemptions None
  • Parcel Identification Number 20153030030000

Utilities

  • Sewer Sewer-Publ

Listed by Randi Quigley for eXp Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/29/2025 7:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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