Located in the sought after Washington Park neighborhood, this multifamily investment property at 5134 S Indiana Avenue presents an excellent opportunity for investors seeking value and upside potential. The property is conveniently situated near the University of Chicago Hospital and in close proximity to the Obama Presidential Library, adding long-term appeal and neighborhood growth potential. The building features a total of 11 bedrooms and 3 bathrooms, offering generous living space across multiple units. The second and third units include private balconies, providing outdoor space and added tenant appeal. With solid bones and strong rental potential, this property is ideal for an investor willing to add a little TLC to maximize value. Whether for long-term rental income or repositioning, this is a great opportunity to invest in a growing area of Chicago. In addition, the property features a garden-level space with an extra bedroom and bath, presenting a value-add opportunity to renovate and potentially convert into a fourth unit. The Property is being sold AS-IS
Property Details
Price:
$550,000
MLS #:
MRD12558337
Status:
Active
Beds:
11
Baths:
3
Type:
Multi Family
Neighborhood:
chiwashingtonpark
Listed Date:
Jan 31, 2026
Year Built:
1898
Schools
School District:
299
Elementary School:
Burke Elementary School
High School:
Phillips Academy High School
Interior
Heating
Natural Gas, Radiator(s)
Exterior
Construction Materials
Brick, Concrete
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Financial
Tax Year
2023
Taxes
$4,664
Listing Agent & Office
Ebony Parker
Gee Exclusive Realty Group
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Copyright 2026. All rights reserved.
5134 S Indiana Avenue
Chicago, IL


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