4840 S Indiana Ave

Chicago, IL 60615

$4,240,000
Price
38
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive...7.5 CAP Breathe Rare Air. The sellers of this property portfolio are not just seasoned investors; they are passionate visionary stewards with over 45 years of experience in branded high quality property development and management. Since 2007, they have meticulously curated each asset in the Bronzeville collection, focusing on longevity, quality, and the future potential of every investment. Every property reflects an unwavering commitment to excellence. From intelligent design choices to extensive renovations and improvements that prioritize durability, modernity, and lifestyle, they ensured no detail is overlooked. Their approach integrates a long-term vision with a hands-on philosophy, balancing aesthetic appeal and functionality while fostering strong tenant communities. A rare opportunity to obtain a sizeable AAA turnkey footprint from the best of the best. Welcome to 4834-46 S Indiana, An Exquisite, Curated, Panoramic Campus of the Bronzeville Collection spans 125 x 160.58 just over a 1/2 acre perfectly positioned in Dynamic Bronzeville. A Classic Chicago All Masonry 23 Unit walk up with 20 parking spaces. The development team embraced this extensive undertaking showcasing superior craftsmanship and attention to detail with fully documented capital improvements and have hit every metric of turnkey asset offering abundant choice for numerous investment objectives. The scope of renovation and notable documented capital improvements interior and exterior include but not limited to extensive masonry & concrete, roof and gutters, common area and lobbies, deck system, central heating system, parking lot design and development, artesian sculptured iron fencing, inspired botanical garden park like setting rivaling arboretum status, zoned irrigation system inclusive of grounds and parkway controlled by app, flagstone pavers, exotic tree placards emulating the Chicago Botanical Gardens listing the origin, name and year planted, custom designed and built outdoor BBQ and picnic tables, and bike room Unit Mix offers diverse floor plans for every price point (1) 3-bedroom 1 bath (16) 2- bedroom 1 bath (3) 1 bedroom 1 bath (3) Junior 1 bedroom 1 bath Fluid integration of endless details and appointments, bathed in natural light with panoptic vistas, offer rich transitional and modernist kitchens, quartz and granite, intricate tile applications, accessory niches, resort caliber baths, hardwood floors, premium mill work, central hot water heating system with individual a/c, washer dryers in unit, custom closets organizers, window treatments, dimmers, hi style designer lighting, use of all garden and grounds, the common area rival boutique hotel luxury complete with professional grade art offer a branded lifestyle that resonates with discerning residents and a soft sampling of the exhausting list of building and unit features. Rarely vacant An unparalleled investment opportunity 318,068.41k NOI Please see brokers private remarks for additional scaling opportunities.

Property Details for 4840 South Indiana Avenue

Area
CHI - Grand Boulevard
Township
Hyde Park
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 12/20/2025 02:02 AM

Property Details for 4840 South Indiana Avenue

StatusActive
MLS #12524343
Days on Market26
Taxes$40,811 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1900
Lot Size0.46 AC / 20,072 SF
CountyCook County

Location

Listing Courtesy of North Clybourn Group, Inc.
Add your commute

Building Information for 4840 South Indiana Avenue

Stories4Residences23Year Built1900Building Size-Lot Size0.46 AC / 20,072 SF

Payment Calculator

$24,352 per month

30 year fixed, 6.28% Interest

Principal and Interest

$20,951

Property Taxes

$3,401

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4840 South Indiana Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Type: Finished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 23
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 23
  • # Of Refrigerators: 23
  • Misc Inside: Storage Inside,Other
  • # Of Dryers: 23
  • # Of Dishwashers: 23
  • Num of Baths: 23.0
Exterior Features
  • Misc Outside: Courtyard,Patio,Security Gate,Security Lighting,Storms and Screens (as exist),Other
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 125 X 160.58
  • Lot Size Square Feet: 20072.0
  • Stories: 4
  • Construction: Brick, Stone
  • Fire Protection: Fire Extinguisher/s,Other,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 23
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Leases,Floor Plan,Existing Survey,Backup Package,Operating Statement
  • Public Document Count: 1
  • Document Date: 2025-11-26T16:59:19
  • Photos Count: 95
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks,Other,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 23
Income & Expenses
  • Electric Expense: $3,948.00
  • Fuel Expense: $15,368.00
  • Gross Income: $479,856.00
  • Gross Scheduled Income: $475,140.00
  • Insurance Expense: $21,606.00
  • Maintenance Expense: $8,000.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 10410
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 39595
  • Water Expense Source: Actual
  • Net Operating Income: $318,068.00
  • Operating Expense: $138,426.00
  • Other Expense: $68,808.00
  • Trash Expense: $4,316.00
  • Water Sewer Expense: $10,286.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 16
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 3
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4840 South Indiana Avenue

DateEvent & SourcePriceAppreciation
Nov 26, 2025

Listed (Active)

MRED #12524343

$4,240,000—
Nov 26, 2025

Cancelled

MRED #12512173

$4,215,000—
Nov 5, 2025

Cancelled

MRED #12490162

$4,215,000—
Nov 5, 2025

Listed (Active)

MRED #12512173

$4,215,000—
Oct 7, 2025

Listed (Active)

MRED #12490162

$4,215,000—
Jul 21, 2025

Cancelled

MRED #12415803

$4,400,000—
Jul 9, 2025

Cancelled

MRED #12385705

$4,400,000—
Jul 9, 2025

Listed (Active)

MRED #12415803

$4,400,000—
Jun 5, 2025

Cancelled

MRED #12354818

$4,400,000—
Jun 5, 2025

Listed (Active)

MRED #12385705

$4,400,000—
May 6, 2025

Listed (Active)

MRED #12354818

$4,400,000—
Apr 3, 2025

Cancelled

MRED #12310746

$4,700,000—
Mar 12, 2025

Cancelled

MRED #12288876

$4,700,000—
Mar 12, 2025

Listed (Active)

MRED #12310746

$4,700,000—
Feb 11, 2025

Cancelled

MRED #12275891

$4,900,000—
Feb 11, 2025

Listed (Active)

MRED #12288876

$4,700,000—
Jan 22, 2025

Listed (Active)

MRED #12275891

$4,900,000—
Jun 1, 2007

Expired

MRED #06363715

$1,500,000—
Dec 22, 2006

Listed (Active)

MRED #06363715

$1,500,000—
DateEvent & SourcePrice
11/26/2025

Listed (Active)

MRED #12524343

$4,240,000
11/26/2025

Cancelled

MRED #12512173

$4,215,000
11/05/2025

Cancelled

MRED #12490162

$4,215,000
11/05/2025

Listed (Active)

MRED #12512173

$4,215,000
10/07/2025

Listed (Active)

MRED #12490162

$4,215,000
07/21/2025

Cancelled

MRED #12415803

$4,400,000
07/09/2025

Cancelled

MRED #12385705

$4,400,000
07/09/2025

Listed (Active)

MRED #12415803

$4,400,000
06/05/2025

Cancelled

MRED #12354818

$4,400,000
06/05/2025

Listed (Active)

MRED #12385705

$4,400,000
05/06/2025

Listed (Active)

MRED #12354818

$4,400,000
04/03/2025

Cancelled

MRED #12310746

$4,700,000
03/12/2025

Cancelled

MRED #12288876

$4,700,000
03/12/2025

Listed (Active)

MRED #12310746

$4,700,000
02/11/2025

Cancelled

MRED #12275891

$4,900,000
02/11/2025

Listed (Active)

MRED #12288876

$4,700,000
01/22/2025

Listed (Active)

MRED #12275891

$4,900,000
06/01/2007

Expired

MRED #06363715

$1,500,000
12/22/2006

Listed (Active)

MRED #06363715

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4840 South Indiana Avenue

Taxable ValueLand$6,641Additions$105,958Total$112,599
Tax Record2023$23,835 ($1,986 / month)
Home Facts
Stories3Lot Size12,075 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN20-10-108-019

Schools near 4840 South Indiana Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Burke Elementary School
Public - PK to 8
Phillips Academy High School
Public - 9 to 12
Williams Medical Prep High School
Public - 9 to 12
Bronzeville Scholastic High School
Public - 9 to 12
Rating
School
Distance
Burke Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Williams Medical Prep High School
Public9 to 12

Bronzeville Scholastic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4840 South Indiana Avenue, Chicago, IL 60615

4840 South Indiana Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on November 26, 2025 by North Clybourn Group, Inc., it's currently listed at $4,240,000. This listing's school district is Chicago Public Schools. Nearby schools include Burke Elementary School, Phillips Academy High School and Williams Medical Prep High School. 4840 South Indiana Avenue is a 38-bed, 23-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of North Clybourn Group, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/20/2025 02:02 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.