Date
Details
Price
Change
Source
1/31/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/8
$550,000
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Property Description
Located in the sought after Washington Park neighborhood, this multifamily investment property at 5134 S Indiana Avenue presents an excellent opportunity for investors seeking value and upside potential. The property is conveniently situated near the University of Chicago Hospital and in close proximity to the Obama Presidential Library, adding long-term appeal and neighborhood growth potential. The building features a total of 11 bedrooms and 3 bathrooms, offering generous living space across multiple units. The second and third units include private balconies, providing outdoor space and added tenant appeal. With solid bones and strong rental potential, this property is ideal for an investor willing to add a little TLC to maximize value. Whether for long-term rental income or repositioning, this is a great opportunity to invest in a growing area of Chicago. In addition, the property features a garden-level space with an extra bedroom and bath, presenting a value-add opportunity to renovate and potentially convert into a fourth unit. The Property is being sold AS-IS
Full Property Details
Full Property Details for 5134 S Indiana Ave
General
- Price: $550,000
- Taxes: $4,664 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12558337
- Updated: 2/6/2026
- Added to Site: 21 day(s) ago
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 11
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: Head south on Indiana Ave from Garfield Blvd. Continue straight for about 1/2 mile. You'll pass 51st Street. 5134 S Indiana Ave will be on your right-hand side, just south of 51st Street
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Burke Elementary School
- High School: Phillips Academy High School
- Private School: Phillips Academy High School
Heating & Cooling
- Heating Type: Natural Gas, Radiator(s)
Utilities
- Sewer: Storm Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Basement: Yes
- Basement Desc.: Partially Finished, Partial
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 27.8 x 162.2
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $4,664
- Tax Year: 2023
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 20103020230000
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— 5134 S Indiana Ave —
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Schools
Schools serving 5134 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 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.6 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 5134 S Indiana Ave
Tax History
Tax History for 5134 S Indiana Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,664
3%
$28,000
—
2022
$4,507
100%
$28,000
—
2021
-100%
$28,000
1%
2020
$6,157
82%
$27,637
-12%
2019
$3,390
-32%
$31,406
—
2018
$4,982
4429%
$31,406
16%
2017
$110
-45%
$26,970
—
2016
$199
4%
$26,970
—
2015
$192
1%
$26,970
24%
2014
$190
-1%
$21,832
—
2013
$191
7%
$21,832
—
2012
$179
—
$21,832
—
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 5134 S Indiana Ave
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- Commercial Lease
- Active
- Updated 3 days ago
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,500Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 958Sq. Ft.
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5134 S Indiana Avenue, Chicago, IL 60615 (MLS# 12558337) is a Multi-Family property with 3 units containing 11 bedrooms and 0 full bathrooms. 5134 S Indiana Avenue is currently listed for $550,000 and was received on January 31, 2026. Want to learn more about 5134 S Indiana Avenue? Do you have questions about finding other Multi-Family real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.