4030 S Indiana AVE, Chicago, IL 60653
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4030 S Indiana AVE, Chicago, IL 60653
4030 S Indiana AVE, Chicago, IL 60653
4030 S Indiana AVE, Chicago, IL 60653
4030 S Indiana AVE, Chicago, IL 60653
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 895,000
Est. payment /mo
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Active Under Contract

4030 S Indiana AVE Chicago, IL 60653

11 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12677712

Bedrooms 11

Maintenance Fees $5,801

Annual Tax Amount $13,112

Tax Year 2024

Lot Dimensions 3777

Property Sub-Type Two to Four Units

Property Description

Legal 4-unit building in Bronzeville with a 3 Bed / 2 Bath unit available for owner occupancy. The property consists of (3) large 3 bed / 2 bath units and (1) 2 bed / 2 bath garden. Renovated in 2017, all units enjoy in-unit laundry, gas-forced air furnaces with duct work, and laminate counter tops. The property is being listed at an attractive 9.3x gross rent multiple or roughly 6.4% cap rate on in-place cash flows. If the existing lease roll were marked to current market rents, the property would generate $109,620 in gross annual income and stabilize at a 7.7% cap rate without the need for major renovations. Bronzeville continues to experience substantial residential and commercial development activity, driving long-term appreciation and rent growth. The building sits half a block from the CTA Green line station, providing a short commute downtown for owners and tenants alike.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Stone, No

Sewer Public Sewer

Water Public

Structure Type Stone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Philip Leigh of  Essex 312, LLC 
Samuel Stella

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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4030 S Indiana AVE

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