Grand Crossing Multifamily Investment
For Sale
$1,500,000
7027 South Indiana Avenue, Chicago, IL 60637
26 unit building in Chicago’s Grand Crossing Neighborhood.
Property Size23,400 SF
Lot Size0.54 Acres
Price / SF$64.10
Days on Market584
Property Features for 7027 South Indiana Avenue
General Information
Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
23,400 SF
Elevators
N/A
Lot size
0.54 Acres
Building Details
Buildings
1
Stories
4
Units
26
Listing Agency:
(630) 209-3622
Listed By:
Noah
(630) 209-3622
Added: Jan 16, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located at 7027 South Indiana Avenue in Chicago's Grand Crossing neighborhood, this multifamily property features 26 units. The building encompasses 23,400 square feet on a 0.537 acre lot. Each unit includes one bedroom and one bathroom, with spacious living and dining areas. Capital improvements have been completed, including a new roof and porches in 2020, a Weil-Mclain boiler installed in 2020 with advanced R&D controls and sensors, upgraded electrical service, and a conversion to copper plumbing. Situated six blocks east of the 69th Red Line station, the property provides access to downtown Chicago. The current vacancy rate presents an opportunity for increased returns through improved leasing and rent optimization. The property's current financial performance indicates an 11.16% cap rate and a 21.90% cash return, with projections suggesting potential increases to over 13% cap rate and nearly 33% cash return through strategic management.
Key Highlights
- Updated Plumbing (100% Copper)
- New Roof & Porches (2020)
- Updated & Modern Weil McLain Boiler w/ R&D Control System
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 26 unit building in Chicago’s Grand Crossing Neighborhood.
Where is this multifamily property located?
The property is located at 7027 South Indiana Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Updated Plumbing (100% Copper); New Roof & Porches (2020); Updated & Modern Weil McLain Boiler w/ R&D Control System
