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$607,000
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Property Description
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
Full Property Details for 4016 S Indiana Ave
General
- Sold For: $607,000
- Taxes: $4,167 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12701934
- Added to Site: 108 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 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
- 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
- Midd 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
- Water: Lake Michigan
Structural Information
- Construction: Stone
- Exterior Const.: Stone
- 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
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20031080180000
Listed by Keller Williams Preferred Rlty
Sold by City and Field Real Estate
Get Pre-Approved Today
Schools
Schools serving 4016 S Indiana Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Beethoven Elementary School 25 West 47th Street, Chicago, IL 60609 | PK-8 | 1 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 0.3 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
Date
Details
Price
Change
Source
9/09/2026
Sold
$607,000
2.02%
MLS
7/23/2026
Price Increased
$594,990
0.02%
MLS
7/22/2026
Listed
$594,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4016 S Indiana Avenue, Chicago, IL 60653 (MLS# 12701934) is a Multi-Family property that was sold at $607,000 on September 09, 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.
