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About the Listing 18235 - 160065,184242
Calling all investors and owner-occupants to this rare Washington Park Greystone opportunity! This massive 4-unit property features an impressive 14 bedrooms and 8 bathrooms, offering size, flexibility, and income potential that is rarely available in today's market. Truly nothing else like it around. Located 5 miles from downtown, just 1.5 miles from the University of Chicago and within biking distance to Lake Michigan, the beach, Hyde Park, and the Obama Presidential Center, this property sits directly in the path of continued growth and development. New construction has already been completed throughout the block, additional development has broken ground next door, and values continue trending upward in this rapidly appreciating community. Including accommodating bike lanes. The building features three oversized 4-bedroom, 2-bath units plus a 2-bedroom, 2-bath garden unit, creating strong rental income potential and excellent flexibility for owner-occupants. 2 occupied and 2 vacant, ideal for multigenerational living, or investors seeking long-term cash flow. Units offer spacious layouts, stainless steel appliances, primary bedroom suites with private baths, separate heating systems, and updated finishes throughout. Renovations and improvements were completed in2021, and 2023, including tuckpointing, new roof, hot water heaters, and updated mechanicals. 2026 new back porch. Select units include in-unit laundry room, with additional laundry hookups available. The oversized gated backyard offers room for entertaining and future garage or parking pad potential. Estimated market rents for the main units range from approximately $2,600-$3,000 per month, with the garden unit estimated between $1,700-$2,000 per month, making this an attractive opportunity for both immediate income and immediate/long-term equity growth. Whether you are looking to house hack, expand your portfolio, or secure a large multifamily asset in one of Chicago's evolving investment corridors, this property delivers location, scale, and upside all in one. Schedule your showing today and experience the opportunity for yourself.
Listing Highlights
Status
Pending
Days on Site
12
Property Type
Multi-Family
MLS ®
12647110
Year Built
1898
Total Square Footage
0
Lot/Acreage
3912
Interior Details
- Bedrooms: 14
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 3912
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Faces Side,Yes
Financial Details
- Tax Amount: $9,477
- Taxes w/Assessments: N/A
- Tax/Property ID: 20103110060000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
5319 S Indiana Ave Chicago, IL 60615
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