7027-7033 S Indiana Ave - Apartments FOR SALE


Chicago, IL 60637
$1,500,000 USD
773-293-5032
7027-7033 S Indiana Ave, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

7027-7033 S Indiana Ave
Chicago, IL 60637


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

OVERVIEW

Kiser 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 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

26

PRICE/UNIT

$57,692

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,820 SF

ZONING

RS-3

APN/PARCEL ID

20-22-323-043-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.