5134 S Indiana Avenue
Chicago, IL, 60615
$550,000
11 Beds
3 Baths
0 SqFt
0 Acres
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$550,000
5134 S Indiana Avenue
Chicago, IL, 60615
MLS #MRD12558337 image #0MLS #MRD12558337 image #1MLS #MRD12558337 image #2MLS #MRD12558337 image #3
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

Property Details

Price:
$550,000
MLS #:
MRD12558337
Status:
Active Under Contract
Beds:
11
Baths:
3
Type:
Multi Family
Neighborhood:
chiwashingtonpark
Listed Date:
Jan 31, 2026
Year Built:
1898
Chi – Washington ParkChiwashingtonparkBurke Elementary SchoolPhillips Academy High School

Schools

School District:
299
Elementary School:
Burke Elementary School
High School:
Phillips Academy High School

Interior

Heating
Natural Gas, Radiator(s)

Exterior

Construction Materials
Brick, Concrete
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Tax Year
2023
Taxes
$4,664
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Apr 07, 2026
1,334
Multi Family Listed
83
Avg DOM
$507,882
Avg List Price

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Property Summary

    5134 S Indiana Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60615. It is listed for $550,000 To schedule a showing of MLS#mrd12558337 at 5134 S Indiana Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5134 S Indiana Avenue
Chicago, IL