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$4,240,000
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Property Description
7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4834-46 S Indiana, An Exquisite, Curated, Panoramic Campus of the Bronzeville Collection spans 125 x 160.58 just over a 1/2 acre perfectly positioned in Dynamic Bronzeville. A Classic Chicago All Masonry 23 Unit walk up with 20 parking spaces. The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. The scope of renovation and notable documented capital improvements interior and exterior include but not limited to extensive masonry & concrete, roof and gutters, common area and lobbies, deck system, central heating system, parking lot design and development, artesian sculptured iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds and parkway controlled by app, flagstone pavers, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted, custom designed and built outdoor BBQ and picnic tables, and bike room Unit Mix offers diverse floor plans for every price point (1) 3-bedroom 1 bath (16) 2- bedroom 1 bath (3) 1 bedroom 1 bath (3) Junior 1 bedroom 1 bath Fluid integration of endless details and appointments, bathed in natural light with panoptic vistas, offer rich transitional and modernist kitchens, quartz and granite, intricate tile applications, accessory niches, resort caliber baths, hardwood floors, premium mill work, central hot water heating system with individual a/c, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, use of all garden and grounds, the common area rival boutique hotel luxury complete with professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant An unparalleled investment opportunity 318,068.41k NOI Please see brokers private remarks for additional scaling opportunities.
Full Property Details
Full Property Details for 4840 S Indiana Ave
General
- Price: $4,240,000
- HOA FEE: $8,000
- Taxes: $40,811 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12542727
- Updated: 1/13/2026
- Added to Site: 13 day(s) ago
Interior
- Basement: Finished
- Interior Features: Storage Inside, Other
Additional Information
- Security/Safety: Fire Extinguisher(s), Other, Carbon Monoxide Detector(s)
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: 49th to Indiana Ave, North on Indiana to property
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Trash: 4316
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement: Yes
- Basement Desc.: Finished
- Foundation: Concrete Perimeter
- Stories/Levels: 4
- Current Bldg. Use: Multi-Family
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 23
- Units w/Range/Oven: 23
- # Dryers: 23
Lot Features
- Lot Size (Sq. Ft.): 20,072
- Lot Dimensions: 125 x 160.58
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $8,000
- Insurance Fee: $21,606
- Operating Expenses: $138,426
- Other Fee: $68,808
- Security Deposit: Fire Extinguisher/s, Other, Carbon Monoxide Detector(s)
- Assessment Year: 1900
- Tax Amount: $40,811
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Other
- Pays Electric: 3948
- Pays Trash: 4316
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Floor Plan, Existing Survey, Backup Package, Operating Statement
- Property ID: 20101080190000
Listed by North Clybourn Group, Inc.
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Schools
Schools serving 4840 S Indiana Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burke Elementary School 5356 South King Drive, Chicago, IL 60615 | PK-8 | 0.7 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4840 S Indiana Ave
Date
Details
Price
Change
Source
1/07/2026
Listed
$4,240,000
138.04%
MLS
1/21/2010
Sold
$1,781,250
—
Public Record
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
Tax History for 4840 S Indiana Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$23,835
3%
$112,599
—
2022
$23,232
2%
$112,599
—
2021
$22,710
-10%
$112,599
—
2020
$25,129
11%
$112,803
—
2019
$22,664
2%
$112,803
—
2018
$22,282
8%
$112,803
18%
2017
$20,583
7%
$95,613
—
2016
$19,150
9%
$95,613
—
2015
$17,521
-1%
$95,613
—
2014
$17,740
2%
$95,613
—
2013
$17,390
1%
$95,613
—
2012
$17,157
—
$95,613
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4840 S Indiana Ave
4840 S Indiana Avenue, Chicago, IL 60615 (MLS# 12542727) is a Commercial property. 4840 S Indiana Avenue is currently listed for $4,240,000 and was received on January 07, 2026. Want to learn more about 4840 S Indiana Avenue? Do you have questions about finding other Commercial 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.

