Back to searchdwelloSaveShareHideMore
View all 24 photos
Two to Four Units · Chicago, IL
$650,000
8 beds · 3 baths
4823 S INDIANA Avenue, Chicago, IL, 60615
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

2-car garage
Investment grade 3-unit brick and stone multi-family building in Chicago's historic Bronzeville neighborhood. This gated 3-flat offers approximately 8 bedrooms and 3 bathrooms across three separate units; ideal for rental portfolio builders, house hackers, and owner-occupants seeking flexible South Side Chicago real estate with immediate cash-flow potential and long-term value-add upside. Each unit provides spacious living quarters, giving the next owner the flexibility to lease all three units for full rental income, occupy one unit while collecting rents to assist or cover the mortgage, or configure the property for a multi-generational living arrangement. Recent capital improvements include a new roof and a completely rebuilt back porch and deck system, reducing near-term repair exposure for incoming investors. The finished walk-out basement adds usable square footage suited for tenant storage, future expansion, or a recreation room, a built-in value-add lever for the next owner. Outside, a fully fenced backyard provides private outdoor space for gatherings, gardening, or tenant amenity appeal. A detached 2.5 car garage offers covered parking and additional storage a premium feature in dense Chicago multi-family inventory. Located in Bronzeville on Chicago's South Side, the property sits minutes from CTA Green Line and Red Line stations, multiple bus routes, and the Dan Ryan Expressway (I-90/94), giving tenants direct access to downtown Chicago, the Illinois Institute of Technology, the University of Chicago, McCormick Place, and the Hyde Park lakefront. Nearby attractions include the Bronzeville Walk of Fame along Martin Luther King Drive and the 31st Street Beach on Lake Michigan. Strong rental demand, established neighborhood fundamentals, and recent infrastructure updates make this Bronzeville 3 flat a compelling addition to any Chicago multi-family portfolio. The property is offered AS-IS, leaving room for investors to add value through cosmetic updates, unit-by-unit renovations, or repositioning. Schedule a private showing to evaluate this Bronzeville investment opportunity. Fully occupied building; 48 hour notice required.
— the listing agent’s description

The home

8 beds
3 baths
Built in 1895
Lot 25X125
2-car garage
Two to Four Units

What it’ll cost

$9,881 taxes / yr
No HOA
32 days on dwello

Estimated monthly payment

$4,469/mo
Principal & interest$3,456
Property taxes$823
Homeowners insurance$190
Get pre-qualified →Connect with a licensed lender in the dwello network.
Estimate only — not a loan offer. Example rate; taxes and insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
Tour it with a real dwello agent
The agent who meets you here is an actual dwello Home Group team member who knows these streets — not a stranger who bought your name from a portal. You get straight answers on the spot, and the same person stays with you through closing.
On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
Schedule a tour
32 days on dwello
Price history
Listed for sale
May 15, 2026
$650,000
Earlier records
Sold
Feb 26, 2007
$415,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$9,881/yr
From county records — verify with the assessor.

Features

Natural GasElectricBrickStonePublic SewerYesGarage Owned

Schools nearby

Corpus Christi School · 0.2 mi
DuSable High School Campus · 0.2 mi
Bronzeville Scholastic Institute · 0.3 mi
Daniel Hale Williams Preparatory School of Medicine · 0.3 mi
Beethoven Elementary School · 0.3 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
Loading map…
Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Vadie Reese · Serene Realty, Inc.
Listing last updated Jun 15, 2026 · data refreshed from the MLS Jun 17, 2026, 6:32 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:32 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
See it in personA real dwello agent on our team — never a sold lead.
Schedule a tour Message
No pressure — reach out whenever you’re ready.
Similar homes nearby
MessageSchedule a tour