Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12601233MLS Provider

5410 S Indiana AvenueChicago, IL 60615

Commercial · 3 Beds · 14,841 Sq. ft.
$849,000 Active

5410 S Indiana Avenue Overview

Time on Site:
97 days
Visits:
18

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 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 provided the seller is in first position with collateral, thereby expanding this armchair investment opportunity to the widest pool of entrepreneurs. This is your chance to make this Washington Park money maker work for you.

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5410 S Indiana Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 14,841
  • Price/Sq.ft. $57

Details

General

Income/Expenses

  • Other Expense: 2797
  • Electric Expense: 714
  • Fuel Expense: 6170
  • Gross Income: 123036
  • Gross Scheduled Income: 123036
  • Insurance Expense: 0
  • Maintenance Expense: 3487
  • Net Operating Income: 101988
  • Operating Expense: 11969
  • Trash Expense: 1345
  • Water Sewer Expense: 3739

Building Information

  • Year Built: 1892

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Washington Park

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $14,676.65
  • Tax Year: 2024

General Information

  • Parcel Number: 20103100490000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 14841

General Information

  • Electric: Circuit Breakers, Separate Meters
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 50X161
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Stone

General Information

  • Number Of Units Total: 6
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

5410 S Indiana Avenue Neighborhood

Community

60615 (CHICAGO) Demographics

35
Median Age
14,432
Population Density (per sq. mile)
68%
College Educated
$44,658
Estimated Median Income
6,504
Estimated Total Home Owners
15,109
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5410 S Indiana Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5410 S Indiana Avenue Market Data

Based on the last 30 days in this zip code

$411,555
Average List Price
$248
Average Price per Square Foot
30
Properties Sold
82
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network

5410 S Indiana Avenue History

Date Event Value Agent
5/4/2026Source: MRED Status Change
Active
Paul Frischer
Listing Agent
4/29/2026Source: MRED Status Change
Re-activated
Paul Frischer
Listing Agent
4/15/2026Source: MRED Status Change
Contingent
Paul Frischer
Listing Agent
3/30/2026Source: MRED Status Change
Active
Paul Frischer
Listing Agent
3/25/2026Source: MRED Added to Database
March 25, 2026
Paul Frischer
Listing Agent