7928-30 S Indiana Avenue
Chicago, IL 60619

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Description

A solid 6-unit income property delivering dependable cash flow with built-in upside. This asset features a strong rental layout, stable tenancy, and rents positioned below market, allowing a new owner to unlock value through gradual increases. Ideal for investors seeking a low-maintenance, high-confidence acquisition with long-term upside.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60619
• Year Built: 1930
• Stories: 3
• Units: 6 units
• Lot Size: 6534 sq ft lot
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 9.07
• Directions: From 79th, turn south onto Indiana Ave. Building is the west side of the street.
• Electric Expense: 487
• Fuel Expense: 636
• Gross Income: 74400
• Gross Rent Multiplier: 7.25
• Gross Scheduled Income: 62928
• Heat/Ventilation: Central Bldg Heat, Radiators
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 5000
• Janitor Expense: 1200
• Main Type: Commercial Sale
• Maintenance Expense: 2000
• Manager Expense: 3146
• Operating Expense: 19391
• Other Expense: 750
• Tax Annual Amount: 4207
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Monthly Income: 5520
• Trash Expense: 1564
• Type Multi-Family: Corridor-Interior Entrance
• Water Sewer Expense: 3001