Listing
$1,295,000
5021 S••••• Indiana Ave (Sign up for 50 free credits to unlock)Chicago, IL 60615
Property Description
Exceptional Gut Renovated Legal 5-Unit Greystone in booming Bronzeville. Fully occupied w/ annual gross income of $115,200 and NOI of over $96k. Building was completely rebuilt to the studs in 2020 under full architectural plans and permits, with City of Chicago Inspections. Features a premium unit mix of three 2BR/2BA units and two 1BR/1BA units. Thoughtfully designed with open layouts and upgraded finishes throughout. All with in unit laundry and individual mechanicals. Fully secured building with gated entry and security system. This renovation pairs the old-world character, aesthetic and craftsmanship of a classic Chicago Greystone solid brick building, with the infrastructure, systems and finishes of modern construction. A fully rebuilt, stabilized boutique multifamily in a highly sought after neighborhood, perfect turnkey investment opportunity. Offering Memorandum available by request.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Oct 28, 2026
- ZIP Code
- 60615
- Full Baths
- 8
- Stories
- 3
- Cooling
- Central Air, Central Individual
- Construction
- Brick
- Property Tax (2023)
- $4,696/yr
- Assessed Value
- $50,194
- Last Sold
- $200,000 · Feb 4, 2019
- Neighborhood
- Grand Boulevard
- County
- Cook
- School District
- Chicago Public Schools
Features & Amenities
Bedrooms
- Bedrooms: 8
Bathrooms
- Full Bathrooms: 8
Land Info
- Additional Parcels: No
- Lot Size Dimensions: 25X162
Utilities
- Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
- Electric Expense: 540
- Water Sewer Expense: 1860
Other Rooms
- Basement Features: Finished, Exterior Entry
Rental Info
- Gross Income: 115200
- Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water, All Utilities
Commercial Info
- Net Operating Income: 96752
- Operating Expense: 18448
Multi-Unit Info
- Number of Units: 5
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 2
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Full Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-2: 2
- Full Bathrooms in Unit-3: 2
- Full Bathrooms in Unit-4: 1
- Full Bathrooms in Unit-5: 1
- Total Rooms in Unit-1: 8
- Total Rooms in Unit-2: 8
- Total Rooms in Unit-3: 8
- Total Rooms in Unit-4: 4
- Total Rooms in Unit-5: 4
- Unit 1 Total Actual Rent: 2150
- Unit 2 Total Actual Rent: 2150
- Unit 3 Total Actual Rent: 2150
- Unit 4 Total Actual Rent: 1400
- Unit 5 Total Actual Rent: 1400
Heating and Cooling
- Cooling Features: Central Air, Central Individual
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 10461
- Source Listing Status: Active
- County: Cook
- Current Use: Multi-Family
- Directions: 51st street go north on Indiana Ave, to 5021 on the right hand side of the street.
- Tax Year: 2025
- Insurance Expense: 4487
- Area: CHI - Grand Boulevard
- Source Neighborhood: CHI - Grand Boulevard
- Owner Pays: Snow Removal, Trash Collection, Water, Common Area Maintenance, Insurance, Janitorial Service, Taxes, Repairs, Roof, Scavenger, Structure
- Parcel Number: 20101210350000
- Zoning: MULTI
- Property Subtype: Multi Family 5+
Building and Construction
- Year Built: 2020
- Construction Materials: Brick
- Foundation Details: Concrete Perimeter
- Habitable Residence: Yes
Exterior and Lot Features
- Frontage Type: City Street, Public Road, Alley Access, Paved
Location
Lat 41.80325 · Lng -87.62070