7035-37 S Indiana Avenue
Chicago, IL 60637

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Description

This beautifully maintained 6-unit building in the heart of Greater Grand Crossing offers the perfect chance to live in one unit and let your tenants pay the mortgage. With (3) 2 bed / 1 bath and (3) 1 bed / 1 bath units plus a garden apartment, this property provides flexibility and value for today's savvy buyer. Move into the spacious third-floor owner's unit and enjoy the pride of ownership while collecting reliable rental income. Whether you're seeking an investment that grows with you or a place to call home while building wealth, this property delivers endless opportunity in a strong Chicago neighborhood. Long-term tenants - several have been in place for nearly 20 years. Brand new roof (2024). Porch rebuilt (2022). Gas boiler & water heater in excellent condition. 3-car brick garage, secure wrought-iron fence, and laundry area. Excellent location near I-94, the Red Line, and CTA bus routes - making commutes downtown a breeze.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60637
• Year Built: 1927
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Directions: 69th Street East/West to Indiana South to address 7035-37 Indiana.
• Electric Expense: 1110
• Electric Expense Source: Actual
• Fuel Expense: 2400
• Fuel Expense Source: Actual
• Gross Income: 45660
• Gross Rent Multiplier: 13
• Gross Scheduled Income: 45600
• Heat/Ventilation: Gas
• Information: 24-Hr Notice Required
• Insurance Expense: 5100
• Insurance Expense Source: Actual
• Janitor Expense: 2628
• Location: Public Transport Avail
• Main Type: Commercial Sale
• Maintenance Expense: 2000
• Operating Expense: 26880
• Other Expense Source: Owner Projection
• Outdoor Parking: Parking-Street
• Repairs-Decor Expense Source: Owner Projection
• Tax Annual Amount: 4226.66
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 3800
• Trash Expense: 2400
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Virtual Tour Date: 2025-09-11T18:43:25
• Water Expense Source: Actual
• Water Sewer Expense: 2500