5407 South Indiana Avenue

Chicago, IL 60615

$799,000
Price
20
Beds
6
Baths
6
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautiful six (6) unit apartment building in Chicago's highly coveted Washington Park neighborhood. Situated on a one way, tree-lined street, the building lies just blocks away from George Washington Park and University of Chicago's campus. 5407 S. Indiana has an incredibly desirable unit mix comprised of four (4) 3Bd/1.5Ba and two (2) 4Bd/1.5Ba units. All of which feature spacious layouts with hardwood floors throughout, individual furnaces, and updated kitchens & baths. Furthermore, the building...Beautiful six (6) unit apartment building in Chicago's highly coveted Washington Park neighborhood. Situated on a one way, tree-lined street, the building lies just blocks away from George Washington Park and University of Chicago's campus. 5407 S. Indiana has an incredibly desirable unit mix comprised of four (4) 3Bd/1.5Ba and two (2) 4Bd/1.5Ba units. All of which feature spacious layouts with hardwood floors throughout, individual furnaces, and updated kitchens & baths. Furthermore, the building allows for the potential addition of two (2) garden units. Currently, the garden units are non-conforming and in need of renovation, however, one of the two has already been studded and framed out. Recent improvements to building include, but are not limited to, new porches (2020), new windows, copper plumbing, newer roof, and significant masonry/tuckpointing work. This property presents tremendous value can also be added by finishing out the 7th and 8th units, which would not only increase a new owners NOI, but increase the value of the property
  1. Listed by Calin Paunescu • Taty Management LLC

Property Details for 5407 South Indiana Avenue

Area
CHI - Washington Park
LISTING UPDATED: 10/08/2024 12:07 AM

Property Details for 5407 South Indiana Avenue

StatusActive
MLS #12177857
Days on Market51
Taxes$9,509 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1903
Lot Size0.19 AC / 8,150 SF
CountyCook County

Building Information for 5407 South Indiana Avenue

Stories3Residences6Year Built1903Building Size-Lot Size0.19 AC / 8,150 SF

Property Information for 5407 South Indiana Avenue

General Information
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Individual Furnaces
  • Num of Baths: 6.6
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 50' X 163'
  • Stories: 3
  • Exterior Building Type: Stone
  • Foundation Details: Concrete Perimeter
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 17
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $508.00
  • Fuel Expense: $2,280.00
  • Gross Income: $111,036.00
  • Gross Scheduled Income: $111,036.00
  • Insurance Expense: $5,700.00
  • Maintenance Expense: $2,350.00
  • Manager Expense: $3,331.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Janitor Expense: 3000
  • Manager Expense Source: AC
  • Total Monthly Income: 9253
  • Net Operating Income: $72,159.00
  • Operating Expense: $38,876.00
  • Other Expense: $440.00
  • Trash Expense: $4,060.00
  • Water Sewer Expense: $7,696.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5407 South Indiana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5407 South Indiana Avenue

Taxable ValueLand$13,855Additions$27,146Total$41,001
Tax Record2018$8,099 ($675 / month)
Home Facts
Baths6Total Finished SqFt10,860 SqFtAbove Grade Finished SqFt10,860 SqFtStories3Lot Size8,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN20103140030000

Schools near 5407 South Indiana Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Burke Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Walter Henri Dyett HS for Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5407 South Indiana Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on October 1, 2024 by Taty Management LLC, it's currently listed at $799,000. It has been on the market for a total of 51 days and was last sold on February 13, 2010. This listing's school district is Chicago Public Schools. Nearby schools include Burke Elementary School, Phillips Academy High School and Beasley Elementary Magnet Academic Center. 5407 South Indiana Avenue is a 20-bed, 9-bath, multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Taty Management LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/08/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.