5410 S Indiana Avenue
Chicago, IL, 60615
$980,000
Beds
0 Baths
0 SqFt
0 Acres
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$980,000
5410 S Indiana Avenue
Chicago, IL, 60615
MLS #MRD12171959 image #0
Nestled in the heart of Chicago’s rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area’s ongoing development, including the future Obama Presidential Center. With property values steadily rising, this investment represents a rare opportunity for savvy investors. Boasting a classic stone facade and a grand marble entryway, this well-maintained building exudes timeless charm. Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet, featuring high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light. Hardwood floors and well-kept common areas add to the appeal, ensuring tenant satisfaction and full occupancy. Additionally, the building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage. With a solid 10% cap rate and a history of long-term tenants, this property is a proven income generator. For investors looking to maximize returns, there is untapped potential in the lower level, where a 7th and possibly 8th unit could be developed, both areas have ingress and egress access. Updates include a 2011 boiler to enhance the property’s efficiency. The seller is open to discussing owner financing terms, thereby expandng this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.

Property Details

Price:
$980,000
MLS #:
MRD12171959
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chiwashingtonpark
Listed Date:
Mar 13, 2025
Total Sq Ft:
14,841
Year Built:
1892
Chi – Washington ParkChiwashingtonpark

Schools

Interior

Exterior

Construction Materials
Brick, Stone

Financial

Maintenance Fee
$3,487
Net Operating Income
$101,988
Tax Year
2023
Taxes
$9,078
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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 Commercial in Chicago as of Sep 02, 2025
1,070
Commercial Listed
164
Avg DOM
148
Avg $ / SqFt
$1,046,720
Avg List Price

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Property Summary

    5410 S Indiana Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60615. It is listed for $980,000 To schedule a showing of MLS#mrd12171959 at 5410 S Indiana Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5410 S Indiana Avenue
Chicago, IL