7027 South Indiana Avenue Chicago, IL 60637

This exceptional 26-unit multifamily property, located at 7027 South Indiana Avenue in Chicago's Grand Crossing neighborhood, presents a compelling investment opportunity. The building boasts 23,400 square feet situated on a 0.537 acre lot. Each of the 26 one-bedroom, one-bathroom units offers spacious living and dining areas, ensuring high tenant appeal. Significant capital improvements have recently been completed, including a new roof and porches (2020), a modern Weil-Mclain boiler (2020) with advanced R&D controls and sensors, upgraded electrical service, and a complete conversion to copper plumbing. The property's location, just six blocks east of the 69th Red Line station, provides convenient access to downtown Chicago while maintaining a desirable suburban feel within a vibrant urban setting. The current vacancy rate presents a significant value-add opportunity for an investor to increase returns through improved leasing and rent optimization. This property offers a strong foundation for immediate income generation and substantial long-term growth potential. The building'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.