7027 South Indiana Avenue

7027 South Indiana Avenue, Chicago, IL 60637

  • For Sale $1,500,000
  • Property Type Multi-Family
  • Property Size 23,400 SF
  • Units 26
  • Additional Rent Contact for pricing
  • Date Updated Dec 12, 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 issituated 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 Weil-Mclain Boiler (2020) with R&D controls and sensors, upgraded electric service, copper plumbing, newer roof and porches (2020) 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 11.16% and a cash return of 21.90%. Through improved leasing and raising rents to levels already being achieved, the building offers an investor the potential to reach a cap rate over 13% and nearly 33% cash return.
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Highlights

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

Contacts

broker
Noah Birk

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

  • Halsted

    1.55 miles

  • Stony Island

    1.64 miles

  • 63rd Street

    1.75 miles

  • Garfield

    1.97 miles

  • Gresham

    2.44 miles

  • 55th-56th-57th Street

    2.45 miles

  • South Shore

    2.79 miles

  • 51st-53rd Street (Hyde Park)

    2.94 miles

  • 95th/Dan Ryan

    3.11 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    4.61 miles

  • Mobil

    0.07 miles

  • Citgo

    0.22 miles

  • BP

    0.25 miles

  • 76

    0.30 miles

  • Falcon

    0.47 miles

  • Marathon

    0.56 miles

  • Shell

    0.61 miles

  • ChargePoint

    1.48 miles

  • Tesla Supercharger

    5.13 miles

  • eVgo

    6.92 miles

  • Campus South Parking

    1.47 miles

  • Parking/Materials Management

    1.67 miles

  • Medical Campus Parking Garage A

    1.74 miles

  • Kimbark South Parking Garage

    1.82 miles

  • Medical Campus Parking Garage B

    1.90 miles

  • Chapin Hall Parking Lot

    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

  • Best Motel

    0.66 miles

  • Empire Motel

    1.05 miles

  • East of the Ryan

    1.38 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

  • Subway

    0.22 miles

  • Smoke Signals BBQ

    0.29 miles

  • McDonald's

    0.40 miles

  • Dunkin'

    0.46 miles

  • Soul Veg City

    0.58 miles

  • Lem's Bar-B-Q

    0.58 miles

  • Popeyes

    0.71 miles

  • JJ Fish & Chicken

    0.76 miles

  • Babas Halal

    0.81 miles

  • Haire's Gulf Shrimp

    0.82 miles

  • Chicago Academy

    0.13 miles

  • Shiloh Academy

    0.14 miles

  • Saint Columbanus School

    0.17 miles

  • Deneen Elementary School

    0.36 miles

  • Brownell Elementary School

    0.38 miles

  • Park Manor Elementary School

    0.43 miles

  • Angel Land Nursery School

    0.63 miles

  • Saint Carthage School

    0.68 miles

  • Tanner Elementary School

    0.74 miles

  • Parker Community Academy

    0.74 miles

  • Shiloh Nursery

    0.14 miles

  • Child's World Academic Inc.

    0.36 miles

  • DJ Brooks Child Development Center

    1.77 miles

  • UChicago Child Development Center - Drexel

    1.98 miles

  • Childrens Hour Pre-School Center

    2.29 miles

  • Kenyatta's Day Care and Learning Center

    2.75 miles

  • Englewood Messiah Lutheran Headstart

    2.80 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    2.84 miles

  • Daycare

    3.97 miles

  • Merry Go Round Nursery School

    4.05 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 $1,500,000.

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

7027 South Indiana Avenue totals 23,400 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Noah Birk

Kiser Group