5134 South Indiana, Chicago IL 60615
- Units 3
- Total Beds 11
- Total Baths 3
- Taxes $4,664
- Payment Estimate View Mortgage Calculator
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Property Description
Located in the sought after Washington Park neighborhood, this multifamily investment property at 5134 S Indiana Avenue presents an excellent opportunity for investors seeking value and upside potential. The property is conveniently situated near the University of Chicago Hospital and in close proximity to the Obama Presidential Library, adding long-term appeal and neighborhood growth potential. The building features a total of 11 bedrooms and 3 bathrooms, offering generous living space across multiple units. The second and third units include private balconies, providing outdoor space and added tenant appeal. With solid bones and strong rental potential, this property is ideal for an investor willing to add a little TLC to maximize value. Whether for long-term rental income or repositioning, this is a great opportunity to invest in a growing area of Chicago. In addition, the property features a garden-level space with an extra bedroom and bath, presenting a value-add opportunity to renovate and potentially convert into a fourth unit. The Property is being sold AS-IS
Features & Information
Key Details
- List Price $550,000
- Property Taxes $4,664
- Price/ Sq. Ft. Unavailable
- Year Built 1898
- Parking Type Garage
- Status Active
Rooms
- Total Rooms 20
- Basement P
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Brick,Concrete
- Heating & Cooling Gas, Radiators
-
Units
- Unit 1 Stove, Refrigerator
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property Head South On Indiana Ave From Garfield Blvd. Continue Straight For About 1/2 Mile. You'll Pass 51st Street. 5134 S Indiana Ave Will Be On Your Right-hand Side, Just South Of 51st Street
-
Schools
- Elementary School District 299
- School Name Burke Elementary School
- Junior High District 299
- High School District: 299
- School Name Phillips Academy High Sch
-
Property Taxes
- Tax 4664
- Tax Year 2023
- Parcel Identification Number 20103020230000
Utilities
- Sewer Sewer-Stor
Listed by: Gee Exclusive Realty Group | Phone: 312.714.5188
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/13/2026 12:02 PM. 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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