A coupled system of self-organized hydrodynamics and Navier-Stokes equations (SOH-NS), which models self-propelled particles in a viscous fluid, was recently derived by Degond et al. [14], starting from a micro-macro particle system of Vicsek-Navier-Stokes model, through an intermediate step of a self-organized kinetic-kinetic model by multiple coarse-graining processes. We first transfer SOH-NS into a non-singular system by stereographic projection, then prove the local in time well-posedness of classical solutions by energy method. Furthermore, employing the Hilbert expansion approach, we justify the hydrodynamic limit from the self-organized kinetic-fluid model to macroscopic dynamics. This provides the first analytically rigorous justification of the modeling and asymptotic analysis in [14].