5407 Indiana AveChicago, IL 60615

For Sale
$799,000

Six-unit apartment building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, six-unit apartment building located at 5407 S Indiana Ave, Chicago, IL 60615, presents a compelling investment opportunity. Boasting 10,860 square feet on an 8,150 square foot lot, this three-story building, constructed in 1903 and extensively renovated in 2020, offers a desirable mix of four three-bedroom, 1.5-bathroom units and two four-bedroom, 1.5-bathroom units. Each unit features spacious layouts with hardwood floors, individual furnaces, and updated kitchens and bathrooms. The property benefits from a strong NOI of $72,159, yielding a 9.03% cap rate, and is currently listed at $799,000. Significant recent improvements include new porches, windows, copper plumbing, and extensive masonry and tuckpointing work completed in 2020. Further value-add potential exists through the completion of two non-conforming garden units

Highlights

  • Potential for two additional garden units; one partially framed.
  • Recent renovations (2020) including a new porch, windows, and substantial masonry repairs.
  • Spacious units featuring hardwood floors.
  • Individual unit furnaces.
  • Updated kitchens and bathrooms.
  • 9.02% cap rate.

Property Details for 5407 Indiana Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
10,860 SF
Class
A
Year Built/Renovated
1903/2020
Stories
3
Units
6

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7962178
Longitude
-87.6203898
5407 Indiana Ave, Chicago, Illinois
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5407 Indiana Ave
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