Contacts

Noah Birk

Kiser Group

Property Details

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

Getting around

81/100
Walk Score ®
72/100
Transit Score ®
62/100
Bike Score ®

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

Shop-N-Save

0.08 miles
ALDI

0.49 miles
M & H Market

0.57 miles
Woodlawn Fresh Market

0.95 miles
Forman Mills

1.11 miles
City Sports

1.22 miles
Jewel-Osco

1.39 miles
Save-A-Lot

1.69 miles
Zees Supermarket Plus

1.74 miles
dd's Discounts

2.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.