7035 S Indiana Ave Chicago, IL 60637
Park Manor NeighborhoodEstimated payment $3,081/month
About This Home
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.
Listing Agent
Nicole Wheatly
EXIT Strategy Realty License #475179365 Listed on: 09/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,227
Year Built
- Built in 1927
Parking
- On-Street Parking
Additional Features
- 3-Story Property
- Property is near public transit
- Heating System Uses Gas
- Unfinished Basement
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,110
- Fuel Expense $2,400
- Insurance Expense $5,100
- Maintenance Expense $2,000
- Trash Expense $2,400
- Water Sewer Expense $2,500
- Operating Expense $26,880
- Gross Income $45,660
- Net Operating Income $27,462
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,227 | $41,000 | $10,875 | $30,125 |
| 2024 | $4,227 | $41,000 | $10,875 | $30,125 |
| 2023 | $4,081 | $26,000 | $10,875 | $15,125 |
| 2022 | $4,081 | $26,000 | $10,875 | $15,125 |
| 2021 | $4,023 | $26,000 | $10,875 | $15,125 |
| 2020 | $3,484 | $21,223 | $10,875 | $10,348 |
| 2019 | $3,605 | $24,117 | $10,875 | $13,242 |
| 2018 | $3,407 | $24,117 | $10,875 | $13,242 |
| 2017 | $4,863 | $30,296 | $9,570 | $20,726 |
| 2016 | $5,211 | $30,296 | $9,570 | $20,726 |
| 2015 | $5,552 | $30,296 | $9,570 | $20,726 |
| 2014 | $5,100 | $31,891 | $7,830 | $24,061 |
| 2013 | $5,322 | $31,891 | $7,830 | $24,061 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | Pending | -- | -- | -- |
| 09/11/2025 09/11/25 | For Sale | $525,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12469671
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