5809 S Indiana Avenue, Chicago IL 60637
$965,000

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Property Description

SIGNIFICANT PRICE IMPROVEMENT!!! Luxury New Construction Triplex in Washington Park | Premier Investment & Owner-Occupant Opportunity A significant price improvement makes this luxury new-construction triplex an exceptional opportunity in one of Chicago's fastest-growing neighborhoods. Combining modern design, upscale finishes, and strong income potential, this property offers outstanding value for both investors and owner-occupants. This is the kind of property that immediately captures the attention of serious investors and savvy owner-occupants alike. Welcome to elevated living in the heart of Bronzeville/Washington Park-where modern design meets exceptional income potential in one of Chicago's most exciting growth corridors. This meticulously crafted 3-unit residence is designed to stand out. Each expansive unit offers 3 oversized bedrooms and 3 full bathrooms, including 2 true primary suites with private en-suite baths-a rare and highly desirable layout that drives strong rental demand. Every bedroom features a walk-in closet, and the generous floor plans comfortably accommodate king-sized beds along with full living and dining setups. Step inside to discover bright, open-concept interiors filled with natural light and elevated by modern finishes throughout. Each unit showcases a chef-inspired kitchen complete with sleek quartz countertops, a statement waterfall island, custom white shaker cabinetry, and designer lighting-creating a seamless blend of luxury and functionality. In-unit washer and dryer add everyday convenience, while thoughtfully designed layouts make each residence equally suited for entertaining or comfortable living. The primary suites offer a private retreat experience, featuring spacious layouts, large walk-in closets, and spa-inspired bathrooms with upscale finishes rarely found in comparable properties. Built for efficiency and long-term value, the property includes separate mechanical systems, high-efficiency furnaces, tankless water heaters, and dedicated electrical panels for each unit. Private outdoor spaces and three exterior parking spaces further enhance the property's appeal. Unit 2 is currently leased. Units 1 and 3 are available, providing flexibility for investors and owner-occupants alike. Move into one unit and rent the others, or lease all available units to maximize income potential. Ask about available leasing assistance for the vacant units. Ideally located just minutes from the University of Chicago, major hospitals, parks, grocery stores, and public transportation, this property offers exceptional convenience paired with strong neighborhood growth potential. With a significant price improvement, seller financing incentives available, and one unit already generating income, this is a rare opportunity to acquire a luxury new-construction multifamily property in Washington Park. Schedule your private showing today.

Features & Information

Key Details

  • List Price $965,000
  • Year Built 2026
  • Status Active
  • List Market Time 7

Units

  • Unit 1

  • Floor 1
  • Rooms 6
  • Beds 3
  • Baths 3
  • Appliances Stove, Refrigerator, Dishwasher, Microwave
  • Rent $0/mo
  • Tenant Pays Other
  • Lease Expires 0
  • Unit 2

  • Floor 0
  • Rooms 6
  • Beds 3
  • Baths 3
  • Appliances Stove, Refrigerator, Dishwasher, Microwave
  • Rent $0/mo
  • Tenant Pays Other
  • Lease Expires n/a
  • Unit 3

  • Floor 3
  • Rooms 6
  • Beds 3
  • Baths 3
  • Appliances Stove, Refrigerator, Dishwasher, Microwave
  • Rent $0/mo
  • Tenant Pays Other
  • Lease Expires N/a

Exterior Features

  • Parking

  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building NEW Ready for Occupancy

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property From South King Drive In Chicago, Head West To East 59th Street, Then Turn Right (north) Onto South Indiana Avenue. Continue North To 5809 S. Indiana Avenue, Which Will Be On Your Right.
  • Schools

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

  • Tax 0
  • Tax Year 2024
  • Parcel Identification Number 20151220020000

Listed by Anita Gee for Gee Exclusive Realty Group | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/11/2026 12:32 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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