7027 South Indiana Avenue

7027 South Indiana Avenue, Chicago, IL 60637

  • For Sale $1,650,000
  • Property Type Multi-Family
  • Property Size 23,400 SF
  • Units 26
  • Additional Rent Contact for pricing
  • Date Updated Sep 11, 2024
26 Units | Greater Grand CrossingKiser Group is pleased to exclusively offer for purchase 7027 S. Indiana Ave, a Twenty-Six (26) unit building in Chicago’s Grand Crossing Neighborhood. This property is situated six (6) blocks east of the 69th Red Line Station, providing quick and easy access to Chicago’s downtown. In addition, the building is encompassed by an abundance of single-family homes, offering residents a suburban feel while still being in an urban environment. 7027 S. Indiana Ave is comprised of Twenty-Six (26) 1Bd/1Ba units. The units are incredibly spacious, providing instant appeal to potential tenants through spacious floor plans with both living and dining areas. In addition, recent capex improvements including a newer roof and boiler create an attractive investment opportunity for the long-term life of the property. 7027 S. Indiana Ave presents an investor a rare opportunity to acquire a property with upmost potential and spacious units. From day one, an investor will realize a cap rate of 10.15% and a cash return of 17.84%. Through improved leasing and raising rents to levels already being achieved, the building offers an investor the potential to reach a cap rate over 12% and nearly 28% cash return.

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Highlights

  • Updated Plumbing (100% Copper)
  • New Roof & Porches (2020)
  • Updated & Modern Newer Weil McLain Boiler System with R&D Control System
  • High Current Vacancy Rate
  • Prime Value Add Opportunity

Contacts

broker

John George

Kiser Group

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Transit Score ®

    72/100 Excellent Transit

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Park Manor
  • Zip Code 60637
  • Market Chicago

Points of Interest

  • King Drive

    0.96 miles

  • Halsted

    1.55 miles

  • Stony Island

    1.64 miles

  • Garfield

    1.97 miles

  • Gresham

    2.44 miles

  • 55th-56th-57th Street

    2.45 miles

  • South Shore

    2.79 miles

  • 95th/Dan Ryan

    3.11 miles

  • Brainerd

    3.13 miles

  • 83rd Street

    3.80 miles

  • Mobil

    0.07 miles

  • Citgo

    0.22 miles

  • BP

    0.25 miles

  • Falcon

    0.47 miles

  • Citgo

    0.52 miles

  • Marathon

    0.57 miles

  • Shell

    0.68 miles

  • BP

    0.72 miles

  • Amstar

    0.98 miles

  • Fuel Star

    0.99 miles

  • Campus South Parking

    1.46 miles

  • Parkiing / Mat Mgmt

    1.67 miles

  • Medical Campus Parking Garage A

    1.74 miles

  • Medical Campus Parking Garage B

    1.91 miles

  • Lexington Parking Lot

    1.91 miles

  • Dorchester Parking Lot

    1.97 miles

  • Garfield Park & Ride

    2.02 miles

  • Campus North Parking Garage

    2.16 miles

  • Ashland/63rd Park & Ride

    2.40 miles

  • Lot L

    4.09 miles

  • Best Motel

    0.66 miles

  • Empire Motel

    1.05 miles

  • The Study at the University of Chicago

    1.83 miles

  • South Shore Motel

    2.22 miles

  • Sophy Hotel

    2.69 miles

  • Admiral Motel

    2.72 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.82 miles

  • Skyway Motel

    3.16 miles

  • Chicago Lake Shore Hotel

    3.23 miles

  • New Budget Motel

    3.28 miles

  • Smoke Signals BBQ

    0.29 miles

  • McDonald's

    0.40 miles

  • Soul Veg City

    0.58 miles

  • Lem's Bar-B-Q

    0.58 miles

  • Dunkin'

    0.59 miles

  • KFC

    0.70 miles

  • Popeyes

    0.71 miles

  • Babas Halal

    0.81 miles

  • Jerk Taco Man

    0.90 miles

  • McDonald's

    1.02 miles

  • Chicago Academy

    0.13 miles

  • Shiloh Academy

    0.14 miles

  • Shiloh Nursery

    0.14 miles

  • Saint Columbanus School

    0.17 miles

  • Brownell Elementary School

    0.35 miles

  • Deneen Elementary School

    0.36 miles

  • Park Manor Elementary School

    0.43 miles

  • Angel Land Nursery School

    0.63 miles

  • Yale Elementary School

    0.64 miles

  • Saint Carthage School

    0.68 miles

  • DJ Brooks Child Development Center

    1.77 miles

  • UChicago Child Development Center - Drexel

    1.98 miles

  • Kenyatta's Day Care and Learning Center

    2.75 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    2.84 miles

  • Daycare

    3.97 miles

  • Shining Star Child Development

    4.43 miles

  • Mari's Bumble Bee Academy

    4.88 miles

  • Restoring the Seed Childcare

    5.16 miles

  • Brighton Park Early Learning Center

    5.41 miles

  • Me & You Learning Academy

    5.43 miles

Frequently Asked Questions

How much does 7027 South Indiana Avenue cost?

The space currently listed for sale at 7027 South Indiana Avenue asks for $1,650,000.

What is the total square footage of 7027 South Indiana Avenue?

7027 South Indiana Avenue totals 23,400 square feet.

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Contact Listing Broker

broker

John George

Kiser Group