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$594,990 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 1 Car Garage
  • Updated 1 day ago
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Outstanding opportunity to own a solid multi-unit building in the heart of Bronzeville/Grand Boulevard, one of Chicago's most dynamic and evolving neighborhoods. Located on THEE sought-after South Indiana Avenue, this property offers the flexibility and potential that today's investors and owner-occupants are seeking. The building features spacious 3-bedroom units on both the first and second floors, along with a finished lower level offering additional bedroom and bathroom space. The versatile layout provides multiple options for income generation, including long-term rentals, owner-occupancy with supplemental rental income, or future value-add opportunities. Additional highlights include a garage, on-site parking, and separate tenant-paid utilities, enhancing operational efficiency and investment appeal. Ideally situated near the South Loop, Lake Michigan, downtown Chicago, Hyde Park, public transportation, and major ongoing neighborhood development, this property is well-positioned for both current income and long-term appreciation potential. A rare opportunity for investors and owner-occupants alike to secure a property in one of Chicago's most historic and revitalized communities. Buyer to independently verify zoning, unit legality, rents, taxes, leases, expenses, and all MLS information.

Full Property Details for 4016 S Indiana Ave

General

  • Price: $594,990
  • Taxes: $4,167 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12701934
  • Updated: 7/23/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - Grand Boulevard
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: From E 39th St and S Indiana Ave, go South on S Indiana Ave to property at 4016 S Indiana Ave

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Beethoven Elementary School
  • High School: Phillips Academy High School
  • Private School: Phillips Academy High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Stone
  • Exterior Const.: Stone
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1906
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Standard Chicago Lot
  • Lot Dimensions: 4025
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1906
  • Tax Amount: $4,167
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20031080180000

Listed by Keller Williams Preferred Rlty

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— 4016 S Indiana Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4016 S Indiana Ave

School District:Chicago Public School District 299
NameGradesDistance
Beethoven Elementary School
25 West 47th Street, Chicago, IL 60609
PK-81 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-110.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4016 S Indiana Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Price Increased
$594,990
0.02%
MLS
7/22/2026
Listed
$594,900
35.2%
MLS
11/09/2007
Sold
$440,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4016 S Indiana Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,167
—
$46,265
101%
2023
$4,167
3%
$22,999
—
2022
$4,040
2%
$22,999
—
2021
$3,967
-12%
$22,999
-2%
2020
$4,529
-3%
$23,434
-12%
2019
$4,661
-8%
$26,630
-9%
2018
$5,073
7%
$29,116
14%
2017
$4,761
3%
$25,493
—
2016
$4,606
10%
$25,493
—
2015
$4,191
18%
$25,493
18%
2014
$3,544
2%
$21,672
—
2013
$3,463
1%
$21,672
—
2012
$3,441
—
$21,672
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4016 S Indiana Avenue, Chicago, IL 60653 (MLS# 12701934) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 4016 S Indiana Avenue is currently listed for $594,990 and was received on July 22, 2026. Want to learn more about 4016 S Indiana Avenue? Do you have questions about finding other Multi-Family real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

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