7027 South Indiana Avenue Chicago, IL 60637
26 unit building in Chicago’s Grand Crossing Neighborhood.
Property size:
23,400 SFLot size:
0.54 Acres- Added:
- Jan 16, 2025
- Days on Market:
- 442
- Last Refresh:
- Mar 16 at 9:06 am
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 agent Noah (630) 209-3622
Listing office (630) 209-3622
Listing date Jan 16, 2025
Overview
Grand Crossing Multifamily Investment Property
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.
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6021
- Latitude
- 41.781
Nearby Similar for Sale
FAQs
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
