5407 S Indiana Avenue Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60615
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12177857
Year Built 1903
Annual Tax Amount $9,509
Tax Year 2023
Lot Dimensions 50' X 163'
Property Description
Beautiful six (6) unit apartment building in Chicago's highly coveted Washington Park neighborhood. Situated on a one way, tree-lined street, the building lies just blocks away from George Washington Park and University of Chicago's campus. 5407 S. Indiana has an incredibly desirable unit mix comprised of four (4) 3Bd/1.5Ba and two (2) 4Bd/1.5Ba units. All of which feature spacious layouts with hardwood floors throughout, individual furnaces, and updated kitchens & baths. Furthermore, the building allows for the potential addition of two (2) garden units. Currently, the garden units are non-conforming and in need of renovation, however, one of the two has already been studded and framed out. Recent improvements to building include, but are not limited to, new porches (2020), new windows, copper plumbing, newer roof, and significant masonry/tuckpointing work. This property presents tremendous value can also be added by finishing out the 7th and 8th units, which would not only increase a new owners NOI, but increase the value of the property
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter