7131 S YALE Avenue
Chicago, IL 60621

Status: Active Under Contract
Multi Family
11 beds
0 baths
0 sq.ft
Listing Price: $215,100
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About this home

Located in the historic district of Greater Grand Crossing, this money-making 3-flat, on a +/- 6, 100 SF lot features massive 1, 900-2, 100+ sf units! There are a total of 11 bedrooms and 4 bathrooms. Current configuration is as follows: 1st floor: 3/1 easily duplexable into a 4/2. 2nd floor: 4/2 and 3rd floor: 4/1. Proforma GPI is $5, 500-$6, 500/mo. Individual GFAs and the side drive can park 4-5 cars. This is great income property or solid fix & flip. Also, seller has access to the adjacent vacant lot to the North if needed. Stabilized ARVs for large multi-units like this trade for over $480, 000! Located close to shopping and restaurants along 71ST St., just a short walk to the #24 Wentworth CTA bus line and 2 minutes to the Kennedy Expressway.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 71-80 Years
3 Bedroom Unit in Building Yes
Parking Total 4
Exterior Building Type Frame
Garage On-Site Yes
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Greater Grand Crossing
Corporate Limits Chicago
Directions 72nd Street East or West to Yale, then North to the subject.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 11
Bedrooms Possible 11
Baths Count 4
Full Baths in Building Count 4
Total Rooms 21
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 4
Baths Total 2
Appliances And Features Stove, Refrigerator
Full Baths Total 2
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Lot Dimensions 5453 SF
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20282030050000
Special Assessments N
Taxes $2,298
Tax Year 2022
$215,100 Listing Price:
MLS # 12056654
Investment Profile Residential Income
Listing Market Time 18 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 05/15/2024
Year Built
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