5526 - 5528 S. Indiana Ave

5526 - 5528 S. Indiana Ave, Chicago, IL 60637

  • For Sale $1,940,000
  • Property Type Multi-Family
  • Property Size 14,152 SF
  • Units 8
  • Lot Size 0.26 Acre
  • Parking Spaces Avail. 8
  • Parking Ratio 0.73 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1916
  • Year Renovated 2020
  • Date Updated May 12, 2025
S. Indiana Ave & E 55th Pl, a couple of minutes walking distance to the Green Line Garfield station, the Bus Station, and Washington ParkThis eight-unit, condo-quality multifamily building delivers a 10.06% cash-on-cash return and an 8.47% cap rate. Located in an Opportunity Zone, the new owner may qualify for significant tax benefits. The red-brick and limestone building sits just 0.2 miles from the CTA Green Line station and a two-minute walk from the bus stop. Legendary Washington Park is two blocks away, with the University of Chicago on its opposite edge. Within a five-minute drive you’ll find restaurants, a Jewel-Osco, clinics, and fast-food options. Each of the eight spacious units—alternating three- and two-bedroom layouts—is finished to condominium standards and features an independent furnace, in-unit washer and dryer, a designated parking space at the rear, and private storage. Recent upgrades include a digital anti-theft door-lock system and CCTV security cameras. Meticulously maintained, this property consistently attracts long-term, quality tenants thanks to its convenient location and nice finishes.
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Highlights

  • 10.06% Cash on Cash return, 8.47% cap rate
  • Convenient location close to the CTA and bus.
  • Very well-maintained, beautiful, sizable building with quality tenants.

Contacts

broker
Tony Liu

YOUMU Ventures

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    74/100 Excellent Transit

  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Washington Park
  • Zip Code 60637
  • Market Chicago

Points of Interest

  • Garfield

    0.18 miles

  • Halsted

    1.56 miles

  • 55th-56th-57th Street

    1.73 miles

  • 51st-53rd Street (Hyde Park)

    1.84 miles

  • 63rd Street

    1.84 miles

  • Stony Island

    2.56 miles

  • 35th-Bronzeville-IIT

    2.68 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    2.74 miles

  • Western

    3.35 miles

  • South Shore

    3.47 miles

  • Super Save

    0.16 miles

  • Amstar

    0.27 miles

  • Citgo

    0.57 miles

  • Shell

    0.57 miles

  • GoLo

    0.57 miles

  • The Roux

    0.61 miles

  • BP

    0.64 miles

  • ChargePoint

    0.89 miles

  • Mobil

    1.11 miles

  • eVgo

    5.08 miles

  • Garfield Park & Ride

    0.20 miles

  • Medical Campus Parking Garage B

    0.82 miles

  • Medical Campus Parking Garage A

    0.86 miles

  • Parking/Materials Management

    0.89 miles

  • Campus South Parking

    1.04 miles

  • Campus North Parking Garage

    1.06 miles

  • Lexington Parking Lot

    1.26 miles

  • Vue53 garage

    1.48 miles

  • Kimbark South Parking Garage

    1.50 miles

  • Chapin Hall Parking Lot

    1.58 miles

  • Best Motel

    1.28 miles

  • The Study at the University of Chicago

    1.45 miles

  • Sophy Hotel

    1.58 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.74 miles

  • Chicago Lake Shore Hotel

    2.02 miles

  • Amber Inn Motel

    2.06 miles

  • Empire Motel

    2.71 miles

  • East of the Ryan

    3.07 miles

  • The Polo Inn

    3.18 miles

  • Benedictine Bed and Breakfast

    3.47 miles

  • Harold's Chicken Shack

    0.06 miles

  • McDonald's

    0.14 miles

  • Burger King

    0.21 miles

  • Dunkin'

    0.27 miles

  • Church's Chicken

    0.47 miles

  • Checkers

    0.48 miles

  • Pizza Hut Delivery

    0.49 miles

  • Taco Bell

    0.59 miles

  • Skidoe's Café & Grill

    0.59 miles

  • Wendy's

    0.60 miles

  • Carter School of Excellence

    0.27 miles

  • ACE Technical Charter High School

    0.32 miles

  • Burke Elementary School

    0.34 miles

  • Edward W. Beasey Academy

    0.46 miles

  • Chicago Baptist Institute

    0.60 miles

  • Sherwood Elementary School

    0.61 miles

  • Educare Chicago

    0.68 miles

  • Walter H. Dyett High School

    0.70 miles

  • Corpus Christi School

    0.84 miles

  • DuSable High School

    0.85 miles

  • UChicago Child Development Center - Drexel

    0.88 miles

  • Child's World Academic Inc.

    1.51 miles

  • Shiloh Nursery

    1.83 miles

  • DJ Brooks Child Development Center

    2.49 miles

  • Englewood Messiah Lutheran Headstart

    2.82 miles

  • Childrens Hour Pre-School Center

    3.02 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    3.57 miles

  • Teddy Bear Pre-School

    3.65 miles

  • Kenyatta's Day Care and Learning Center

    3.65 miles

  • Merry Go Round Nursery School

    4.00 miles

Frequently Asked Questions

How much does 5526 - 5528 S. Indiana Ave cost?

The space currently listed for sale at 5526 - 5528 S. Indiana Ave asks for $1,940,000.

What is the total square footage of 5526 - 5528 S. Indiana Ave?

5526 - 5528 S. Indiana Ave totals 14,152 square feet.

When was this property built?

5526 - 5528 S. Indiana Ave was built in 1916.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Tony Liu

YOUMU Ventures

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