4619, 4621 S Indiana Ave Chicago, IL 60653
Oakland NeighborhoodEstimated payment $3,415/month
Total Views
887
6
Beds
5
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Two properties sold as one! Prime Investment Opportunity in the Heart of Bronzeville! This classic Bronzeville Greystone at 4619 S Indiana comes with a buildable vacant lot at 4621 S Indiana, both included in the sale-a rare chance for investors and developers to expand or create something new. Zoned RM-5, this property offers endless possibilities, whether for multi-unit development, mixed-use space, or a modern redevelopment to complement the area's rapid transformation. Fully occupied units with individual heating provide immediate income potential, while the surrounding area is booming with new construction projects. Bronzeville is undergoing a massive revitalization, with major developments like the four billion dollar Bronzeville Lakefront project bringing 8 million square feet of mixed-use space, including retail, office, and residential units. Additionally, the nearby Metropolis Pointe proposal and the Oakwood & Lake Park Redevelopment are adding hundreds of new residential units, driving demand for commercial and mixed-use spaces. The City of Chicago's investment in infrastructure and the renovation of cultural landmarks like the South Side Community Art Center further solidify this area as a prime location for long-term growth and appreciation. Conveniently located near 90/94, CTA routes, shopping, and major attractions, this property is perfectly positioned for future development. Repairs and updates have recently been completed. Contact us for details. Don't miss this rare opportunity to own and build in one of Chicago's most sought-after neighborhoods-schedule a viewing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,554
Year Built
- Built in 1895
Lot Details
- Lot Dimensions are 50x160
- Additional Parcels
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 5 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Gross Income $46,200
- Net Operating Income $28,436
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $524,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12447953
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