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    7035-37 S Indiana Ave Chicago, IL 60637

    Under Contract
    For Sale
    $525,000

    Commercial Sale - Chicago, IL

    Days on Market:
    10
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 7035-37 S Indiana Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    20223230160000

    Building Details

    Year built
    1927
    Number of units
    6
    Architectural style
    Other

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Nicole Wheatly (312) 554-5478 License #475179365

    Listing date Nov 26, 2025

    MLS# 12469671 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six-Unit Building in Greater Grand Crossing

    This six-unit building is located in the Greater Grand Crossing neighborhood. The property features a mix of unit sizes, including three 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, plus a garden apartment. A potential use for the property is for an owner to occupy one unit while renting out the others. Several tenants have been in place for approximately 20 years. Recent improvements include a new roof installed in 2024 and a rebuilt porch in 2022. The property includes a 3-car brick garage, a secure wrought-iron fence, and a laundry area. The gas boiler and water heater are reported to be in excellent condition. Transportation options are facilitated by its location near I-94, the Red Line, and CTA bus routes.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6198011
    Latitude
    41.7663656

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-unit building with long-term tenants and recent upgrades.
    Where is this apartment building located?
    The property is located at 7035-37 S Indiana Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Live in one unit and rent out the other five for mortgage assistance.; - New roof (2024) and rebuilt porch (2022).; - Six units: (3) 2 bed / 1 bath and (3) 1 bed / 1 bath units plus a garden apartment.
    (312) 554-5478
    Request Owner's contact information
    7035-37 S Indiana Ave Chicago, IL 60637
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    Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7035-37 S Indiana Ave Chicago, IL 60637
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