7027 South Indiana Avenue Chicago, IL 60637

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.