5319 S Indiana Avenue, Chicago, IL 60615

Building Details

Year Built

1898

Listing agent Darnisha Holliday License #475187914

Listing office EXIT Strategy Realty

Listing date May 19, 2026

Source Crexi

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Overview

This four-unit property in Washington Park features 14 bedrooms and 8 bathrooms. The building includes three oversized 4-bedroom, 2-bath units and a 2-bedroom, 2-bath garden unit. The units offer spacious layouts, stainless steel appliances, primary bedroom suites with private baths, separate heating systems, and updated finishes. Select units include in-unit laundry rooms, with additional laundry hookups available. Renovations and improvements were completed in 2021 and 2023, including newer HVAC systems, a new roof, newer water heaters, and updated mechanicals. A new back porch is planned for 2026. The property is located 5 miles from downtown, 1.5 miles from the University of Chicago, and within biking distance of Lake Michigan, the beach, Hyde Park, and the Obama Presidential Center. It is situated in an area with new construction and ongoing development. The oversized gated backyard offers room for entertaining and future garage or parking pad potential. The property is suitable for multigenerational living or investors seeking long-term cash flow. It is located in one of Chicago's evolving investment corridors.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.620446

Latitude

41.7977765

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FAQs

What type of property is this?

Quadplex - Four-unit property near University of Chicago with income potential.

Where is this quadplex located?

The property is located at 5319 S Indiana Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $755,000.

What are key features of this property?

This property features: Rare, massive 4‑unit Greystone with **14 bedrooms and 8 bathrooms** offering significant income potential.; Prime location in rapidly appreciating Washington Park, near the University of Chicago and the Obama Presidential Center.; Strong rental income potential with estimated market rents of $2,600-$3,000 for main units.