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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.

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Listed by Suni Karim of SK Properties Group,LLC

Based on information submitted to MRED  as of July 12, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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