4622-4624 S Indiana Avenue Chicago, IL 60653

Building Details

Year Built

1930

Listing agency SK PROPERTIES GROUP, LLC s***@gmail.com Show Phone

Listed by SUNI KARIM · License #471000095

Source Corcoran

Added: Jul 12 Updated: Jul 15 at 1:47AM Checked: Jul 22 at 7:38AM

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Investment Insights

Based on property information with market context.

4622-4624 S. Indiana Ave is a three-story brick multifamily building configured as a 17-unit single-room-occupancy (SRO) property. The building includes 16 single-room units and one traditional three-bedroom unit with a den, a bath, and in-unit laundry. Exterior amenities include a detached two-car garage and a covered patio.

Full-year 2025 operations reported $127,800 in gross rental income and $65,560 in NOI, with gas, electric, and water commonly operated for simplified ownership. All leases are month-to-month.

A new common boiler and hot water tank were installed in fall 2024, which may help reduce near-term capital needs. The property is described as being in Chicago’s Bronzeville neighborhood, a federally recognized National Heritage Area with active redevelopment in the area.

Key Highlights

• 17‑unit Chicago SRO: 16 single‑room units plus 1 three‑bedroom unit with den, bath, and in‑unit laundry
• Three‑story 1930 brick building with approx. 6,524 SF
• Fall 2024: new common boiler and hot water tank installed

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FAQs

What type of property is this?

Apartment building - Three-story brick SRO property offers 16 single-room units plus one three-bedroom unit, with a detached two-car garage and patio.

Where is this apartment building located?

The property is located at 4622-4624 S Indiana Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 17‑unit Chicago SRO: 16 single‑room units plus 1 three‑bedroom unit with den, bath, and in‑unit laundry; Three‑story 1930 brick building with approx. 6,524 SF; Fall 2024: new common boiler and hot water tank installed