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$899,000
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Property Description
Nestled in the heart of Chicago's rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area's ongoing development, including the future Obama Presidential Center. With property values steadily rising, this investment represents a rare opportunity for savvy investors. Boasting a classic stone facade and a grand marble entryway, this well-maintained building exudes timeless charm. Each of the six spacious 3-bedroom, 1-bath units spans 1,800 square feet, featuring high ceilings, formal dining rooms, real pantries, private back decks, and beautiful bay windows that flood the interiors with natural light. Hardwood floors and well-kept common areas add to the appeal, ensuring tenant satisfaction and full occupancy. Additionally, the building generates extra income through coin-operated laundry facilities and offers gated parking with a two-car brick garage. With a solid history of long-term tenants, this property is a proven income generator. For investors looking to maximize returns, there is untapped potential in the lower level, where a 7th and possibly 8th unit could be developed, both areas have ingress and egress access. Updates include a 2011 boiler to enhance the property's efficiency. The seller is open to discussing owner financing terms provided the seller is in first position with collateral, thereby expanding this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.
Full Property Details
Full Property Details for 5410 S Indiana Ave
General
- Price: $899,000
- HOA FEE: $3,487
- Taxes: $9,078 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12487756
- Updated: 12/4/2025
- Added to Site: 100 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - Washington Park
- County: Cook
- Driving Directions: East on Garfield Ave. North on Indiana to 5410 S.
Heating & Cooling
- Heating Type: Central Building Heat, Gas, Radiators, Steam
Utilities
- Water: Municipal Water
- Trash: 1345
- Onsite: Sewer Connected
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Stories/Levels: 3
- Square Feet: 14,841
- Current Bldg. Use: Multi-Family
- Year Built: 1892
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 2
Lot Features
- Lot Dimensions: 50 x 161
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $3,487
- Operating Expenses: $11,969
- Other Fee: $2,797
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1892
- Tax Amount: $9,078.34
- Tax Year: 2023
- Tenant Pays: Electricity
- Pays Electric: 714
- Pays Trash: 1345
Disclosures and Reports
- Documents Avail.: Rent Roll
- Property ID: 20103100490000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 5410 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 | 0.3 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2 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 5410 S Indiana Ave
Date
Details
Price
Change
Source
11/28/2025
Price Reduced
$899,000
-7.22%
MLS
10/09/2025
Listed
$969,000
453.71%
MLS
2/11/2011
Sold
$175,000
—
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 5410 S Indiana Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,314
3%
$44,000
—
2022
$9,078
2%
$44,000
—
2021
$8,874
18%
$44,000
30%
2020
$7,533
-2%
$33,813
-12%
2019
$7,720
2%
$38,424
—
2018
$7,590
6%
$38,424
16%
2017
$7,136
7%
$33,147
—
2016
$6,639
9%
$33,147
—
2015
$6,074
16%
$33,147
17%
2014
$5,256
2%
$28,327
—
2013
$5,152
1%
$28,327
—
2012
$5,083
—
$28,327
—
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 5410 S Indiana Ave
5410 S Indiana Avenue, Chicago, IL 60615 (MLS# 12487756) is a Commercial property. 5410 S Indiana Avenue is currently listed for $899,000 and was received on October 09, 2025. Want to learn more about 5410 S Indiana Avenue? Do you have questions about finding other Commercial 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.

