5407 S Indiana AVE, Chicago, IL 60615 – 12177857

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Michael Bempah

The Bempah Group

mike@thebempahgroup.com +1(630) 206-9116

$ 799,000

Est. payment | -/mo

Save

$ 799,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12177857

Maintenance Fees $2,350

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

Area Chi - Washington Park

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Listed by Calin Paunescu • Taty Management LLC

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Michael Bempah

Broker | License ID: 475.175881

mike@thebempahgroup.com

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA