5027 Chippewa Street

About this property

This fully 4-family is the perfect opportunity to start or expand your investment portfolio! Live here and let your tenants pay your mortgage! There's one vacant unit, perfect for an owner occupant! Ideally located in the heart of South City’s Northampton neighborhood, you’ll love the easy access to public transportation, shopping, and local favorites like Golden Hoosier, Bud’s Pizza, Piper’s Coffee, and Uncle Bill’s...YUM! This stately brick 4-plex features consistent, functional layouts across all units, each offering a spacious living room, formal dining room, kitchen, full bath, and private bedroom. Tenants also enjoy outdoor space with a rear deck for every unit, plus charming front balconies for the two upper units. Additional highlights include a 2-car detached garage (currently rented for $100/month) and an extra parking pad for added convenience. Current rents are $850, $825, and $800, providing solid income from day one. One unit is currently vacant, while the remaining three are secured with long-term leases—offering both stability and flexibility for future upside. Don’t miss this turnkey investment in one of South City’s most desirable neighborhoods!