7928 S Indiana AVE Chicago, IL 60619

- 9.07% In-Place Cap Rate - Gross Income (w/ 5% vacancy): $62,928 - NOI: $43,537 Kiser Group is pleased to exclusively offer for purchase the sale of 7928 S. Indiana, a beautifully updated, six (6) unit building located in Chicago's historic Chatham neighborhood. Located on a quiet, tree-lined street, the building is conveniently situated just two (2) blocks from the 79th Red Line subway-transit stop, as well as easy access to I-94 and Chicago's downtown. 7928 S. Indiana is conveniently comprised of two (2) 2Bd/1Ba and four (4) 1Bd/1Ba units, all of which feature hardwood flooring throughout with separate living and dining rooms. Recent improvements to the building include, but are not limited to, updated kitchens and baths, recent masonry/tuckpointing work, newer windows, and updated/code compliant porches. 7928 S. Indiana presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhood: Chatham. From day one, an investor will realize a cap rate over 9% and a cash return over 20%. However, by raising rents to levels already being achieved in the building and surrounding area, 7928 S. Indiana's next owner could achieve a cap rate of 10.3% and a cash return over 25%