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$524,900

Est. payment - /mo

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6 Beds

5 Baths

Active Under Contract

4619, 4621 S Indiana AVE Chicago, IL 60653

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12447953

Bedrooms 6

Year Built 1895

Annual Tax Amount $7,553

Tax Year 2023

Lot Dimensions 50X160

Property Sub-Type Two to Four Units

Property Description

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!

Location

State IL

County Cook

Area Chi - Grand Boulevard

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by James Mattz of Keller Williams Preferred Rlty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106