SK Properties Group, LLC, is pleased to present 4622-4624 S. Indiana Ave, a 17-unit single-room-occupancy (SRO) property in Chicago's historic Bronzeville neighborhood. The three-story brick building spans approximately 6,524 square feet and includes 16 single-room units plus one traditional three-bedroom unit with a den, bath, and in-unit laundry, along with a 2-car detached garage and covered patio. Full-year 2025 operations produced $127,800 in gross rental income and $65,560 in NOI, with gas, electric, and water commonly operated for simplified ownership. All leases are month-to-month, and because every unit contains a minimum of two rooms, the asset is well positioned for conversion to six condominiums or repositioning as upscale apartment rental units. A new common boiler and hot water tank installed in fall 2024 reduces near-term capital needs. Bronzeville is a federally recognized National Heritage Area experiencing active redevelopment, with new condominiums and townhomes already delivered nearby and more under construction, underscoring rising demand for well-located product within walking distance of public transportation and shopping.
Property Map
Please use the print button to include maps when printing.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program
of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are
marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Some IDX listings have been excluded from this website.
