5410 South Indiana, Chicago IL 60615
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 10% cap rate and a 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, thereby expandng this armchair investment opportunity to the widest pool of entrapenurs. This is your chance to make this Washington Park money maker work for you.
Features & Information
Key Details
- List Price $980,000
- Property Taxes $9,078.34
- Price/ Sq. Ft. Unavailable
- Year Built 1892
- Status Active
Building Information
- Age of Building Older
- Exterior Construction Brick,Stone
- Heating & Cooling Central Bldg Heat, Gas, Radiators, Steam
Location
- County Cook
- Directions to Property East On Garfield Ave. North On Indiana To 5410 S.
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Property Taxes
- Tax 9078.34
- Parcel Identification Number 20103100490000
Listed by Paul Frischer for Berkshire Hathaway HomeServices Chicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 4/1/2025 5:02 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.

Explore Washington Park
For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.
Mortgage Calculator
- List Price$980,000
- Taxes$9,078.34
- Assessments$0
Estimated Monthly Payment
$5,456.47 / month
- Principal & Interest$4,700.47
- Taxes$756
- Assessments$0