Address
7250 S Yale Avenue, Chicago, IL
Price
$ 700,000
Property Attributes
- MLS#12028281
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Greater Grand Crossing
- NeighborhoodGrand Crossing
- Zip60621
- Style
- Year Built1900
- Taxes$ 3622
- Price$ 700,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,200 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
7250 S Yale Ave is conveniently located in the Greater Grand Crossing neighborhood of Chicago's South Side. Only 2 blocks east of beautiful Hamilton Park and just 2 blocks west of the entrance and exit ramps to I-94, which is the main north-south Expressway running through Chicagoland. This location also puts this building almost exactly halfway between the mass transit light rail Red Line stops at 69th St and 79th St. Chicago's public CTA bus lines run east-west along 71st St. and 75th St. This 7-unit rental building features 6 -3 bed/1 bath units and 1 - 2 bed/1bath Garden unit. Broker does not warranty the legality of the 7th unit. While these units currently bring in approximately $88,000 in Gross Income, there is room for upside as pro forma rents could boost the income to over $106,000.
| Price History | |
|---|---|
| 4/15/2024 | Listed $700,000 |
General Features
| Construction Materials | Brick |
|---|---|
| Year Built | 1900 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat |
| Stories | 3 |
| Tax Year | 2021 |
| Gross Income | 88356 |
| County | Cook |
| Net Operating Income | 46211 |
| Operating Expense | 42145 |
| Insurance Expense | 3500 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1062 |
| Status | Active |
| Directions | I-94 South or North to 71st exit,west to Vincennes,S on Vincennes to 73rd,W on 73rd one block to Yale. N on Yale to 7250. |
| City | Chicago |
| Total Units | 7 |
| MLS Area | CHI - Greater Grand Crossing |
| Lot Size Square Feet | 6200 |
| Street Name | Yale |
| Tax Annual Amount | 3622 |
| Electric Expense | 2724 |
| Fuel Expense | 8567 |
| Trash Expense | 2802 |
| Water Sewer Expense | 6354 |
| Additional Parcels Y/N | No |
| Days on Market | 6 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|---|
| Basement | Partially Finished |
Exterior Features
| Lot Dimensions | 50X124 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60621
Price
Taxes
Visits
Year Built
