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$ 865,000
$ 895,000 3.4%
Est. payment /mo
Sold on 08/14/2026
4030 S Indiana AVE Chicago, IL 60653
11 Beds
8 Baths
UPDATED:
Key Details
Sold Price $865,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12677712
Sold Date 08/14/26
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
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
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Philip Leigh of Essex 312, LLC
Bought with Jerome Harper of Keller Williams ONEChicago
Bought with Jerome Harper of Keller Williams ONEChicago
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