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5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
5407 S Indiana Avenue
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$740,000

5407 S Indiana Avenue

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

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Location

5407 S Indiana Avenue, Chicago, IL 60615

Status

Sold
Phillip Dixon

Phillip Dixon

TITLE

Licensed Real Estate Broker

Property Amenities

Area & Lot
MLS® ID 12177857
Year Built 1903
Type Multi-Family
Status Sold
Exterior
Stories 3
Finance
Sales Price $740,000
Maintenance Fee $2,350 monthly
Real Estate Tax $9,509 yearly

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