Accepting Backups
5134 Indiana Avenue
Chicago, IL 60615
$550,000
11beds
3baths
—sqft
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About this home
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
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1898
Garage spaces2
Lot size—
Annual tax$4,664
CountyCook
MLS #MRD12558337
Days on market63
Schools
ElementaryBurke Elementary School
High schoolPhillips Academy High School
Features
Heating
Natural GasRadiator(s)
Parking
YesGarage OwnedDetachedGarage
Construction
BrickConcrete
Sewer
Storm Sewer
Listed by
Gee Exclusive Realty Group
Ebony Parker · 773-355-0884
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/3/2026, 8:16:03 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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