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$965,000 Just Listed
Property Description
SIGNIFICANT PRICE IMPROVEMENT + SELLER INTEREST RATE BUYDOWN AVAILABLE! Luxury New Construction Triplex in Washington Park | Premier Investment & Owner-Occupant Opportunity Ask About the Seller Interest Rate Buydown! Qualified buyers may be able to reduce their monthly mortgage note through a seller-paid interest rate buydown. Contact the listing agent for details, qualifications, and lender requirements. A significant price improvement makes this luxury new-construction triplex an exceptional opportunity in one of Chicago's fastest-growing neighborhoods. Combining modern design, upscale finishes, and strong income potential, this property offers outstanding value for both investors and owner-occupants. This is the kind of property that immediately captures the attention of serious investors and savvy owner-occupants alike. Welcome to elevated living in the heart of Bronzeville/Washington Park-where modern design meets exceptional income potential in one of Chicago's most exciting growth corridors. This meticulously crafted 3-unit residence is designed to stand out. Each expansive unit offers 3 oversized bedrooms and 3 full bathrooms, including 2 true primary suites with private en-suite baths-a rare and highly desirable layout that drives strong rental demand. Every bedroom features a walk-in closet, and the generous floor plans comfortably accommodate king-sized beds along with full living and dining setups. Step inside to discover bright, open-concept interiors filled with natural light and elevated by modern finishes throughout. Each unit showcases a chef-inspired kitchen complete with sleek quartz countertops, a statement waterfall island, custom white shaker cabinetry, and designer lighting-creating a seamless blend of luxury and functionality. In-unit washer and dryer add everyday convenience, while thoughtfully designed layouts make each residence equally suited for entertaining or comfortable living. The primary suites offer a private retreat experience, featuring spacious layouts, large walk-in closets, and spa-inspired bathrooms with upscale finishes rarely found in comparable properties. Built for efficiency and long-term value, the property includes separate mechanical systems, high-efficiency furnaces, tankless water heaters, and dedicated electrical panels for each unit. Private outdoor spaces and three exterior parking spaces further enhance the property's appeal. Unit 2 is currently leased. Units 1 and 3 are available, providing flexibility for investors and owner-occupants alike. Move into one unit and rent the others, or lease all available units to maximize income potential. Ask about available leasing assistance for the vacant units. Ideally located just minutes from the University of Chicago, major hospitals, parks, grocery stores, and public transportation, this property offers exceptional convenience paired with strong neighborhood growth potential. With a significant price improvement, seller financing incentives available, and one unit already generating income, this is a rare opportunity to acquire a luxury new-construction multifamily property in Washington Park. Schedule your private showing today.
Full Property Details
Full Property Details for 5809 S Indiana Ave
General
- Price: $965,000
- Taxes: (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12686211
- Updated: 6/26/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 9
- Upper - Full Baths: 9
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: From South King Drive in Chicago, head west to East 59th Street, then turn right (north) onto South Indiana Avenue. Continue north to 5809 S. Indiana Avenue, which will be on your right.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Year Built: 2026
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 182 x 25
Financial Considerations
- Assessment Year: 2026
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20151220020000
Listed by Gee Exclusive Realty Group
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Schools
Schools serving 5809 S Indiana Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carter Elementary School, Chicago, IL 5740 South Michigan Avenue, Chicago, IL 60637 | PK-8 | 0.2 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.5 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 5809 S Indiana Ave
Date
Details
Price
Change
Source
6/23/2026
Listed
$965,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5809 S Indiana Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,153
—
$29,079
434%
2023
$1,153
100%
$5,445
100%
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
—
—
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 5809 S Indiana Ave
5809 S Indiana Avenue, Chicago, IL 60637 (MLS# 12686211) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 5809 S Indiana Avenue is currently listed for $965,000 and was received on June 23, 2026. Want to learn more about 5809 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.
