SRO Multifamily Building with
For Sale
Contact for pricing
4622-4624 S Indiana Avenue, Chicago, IL 60653
Three-story brick SRO property offers 16 single-room units plus one three-bedroom unit, with a detached two-car garage and patio.
Property Size6,524 SF
Days on Market44
Property Features for 4622-4624 S Indiana Avenue
General Information
Standard status
Active
Size
6,524 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
17
Taxes and HOA fees
Annual Taxes
$16,661
Building Details
Year Built
1930
Stories
3
Tenancy
Multi
Listing Agency:
SK PROPERTIES GROUP, LLC
(773) 493-7000
Listed By:
SUNI KARIM · License #471000095
Source:
Corcoran
Added: Jul 12
Changed: Aug 22
Last Checked: Aug 23 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SK PROPERTIES GROUP, LLC
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.
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
Property Analytics
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 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
