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4840 S Indiana Ave Chicago, IL 60615

For Sale
$4,240,000

Commercial Sale - Chicago, IL

Days on Market:
10
Last Refresh:
Dec 5 at 1:06 am

Property Features for 4840 S Indiana Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
MULTI
APN
20101080190000

Utilities

Cooling system
Multi Units, Window Unit(s)

Building Details

Year built
1900
Number of units
23
Architectural style
Other

North Clybourn Group, Inc. (773) 252-0600 [email protected]

Listing agent Karen Biazar (773) 252-0600 License #471003309

Listing date Nov 26, 2025

MLS# 12524343 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Bronzeville Collection: Turnkey Investment Opportunity

Located in dynamic Bronzeville, this classic Chicago all-masonry 23-unit walk-up building with 20 parking spaces offers a rare turnkey investment opportunity. Situated on a 125 x 160.58 lot, just over a half-acre, the property has undergone extensive renovations and capital improvements, showcasing superior craftsmanship and attention to detail. Interior and exterior upgrades include masonry and concrete work, roof and gutters, common area and lobby enhancements, a deck system, a central heating system, and parking lot redesign. The property features an artesian sculptured iron fence and a botanical garden-like setting with a zoned irrigation system, flagstone pavers, exotic tree placards, custom-designed outdoor BBQ and picnic tables, and a bike room. The unit mix includes one 3-bedroom, sixteen 2-bedroom, three 1-bedroom, and three junior 1-bedroom apartments. Units feature transitional and modernist kitchens, quartz and granite countertops, intricate tile work, resort-caliber baths, hardwood floors, premium millwork, central hot water heating with individual A/C, in-unit washer/dryers, custom closet organizers, window treatments, dimmers, and designer lighting. Residents enjoy access to the gardens and grounds, with common areas rivaling boutique hotel luxury. The property is part of the Bronzeville collection, known for high-quality property development and management.
Property Profile Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6216196
Latitude
41.8062023

FAQs

What type of property is this?
Apartment building - Classic Chicago 23-unit building with 20 parking spaces.
Where is this apartment building located?
The property is located at 4840 S Indiana Ave Chicago, IL.
What is the asking price?
The asking price for this property is $4,240,000.
What are key features of this property?
This property features: - Turnkey 23-unit all-masonry building in dynamic Bronzeville with documented capital improvements.; - High-quality renovations and improvements focused on durability, modernity, and lifestyle.; - Diverse unit mix (3-bed, 2-bed, 1-bed, Junior 1-bed) appealing to various price points.
More about this property
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