Address
7157 S Yale Avenue, Chicago, IL
Price
$ 5,500,000
Property Attributes
  • MLS#12007560
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Greater Grand Crossing
  • NeighborhoodGrand Crossing
  • Zip60621
  • Style
  • Year Built1905
  • Taxes$ 2323
  • Price$ 5,500,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.168044 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

****THIS BUILDING IS PART OF AN REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617.****** /// 7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of twelve large (12) one bed/one bath units, varying in sq ft and projected market rent. This REO property will require moderate cosmetic rehab but is a solid building. Built in 1905 and boasting 11,181 sq ft of space, 7157 S Yale Ave offers a unique investment opportunity to contribute to the revitalization of Englewood. Property is also located in TIF district.

Price History
3/20/2024 Listed $5,500,000

General Features

Zoning MULTI
Year Built 1905
Tenant Pays Electricity,Heat
Stories 3
Tax Year 2021
Gross Income 111600
County Cook
Net Operating Income 75897
Operating Expense 33380
Insurance Expense 6000
Property Type Commercial Sale
MaintenanceExpense 5000
Status Active
Directions From the Dan Ryan,exit on to 71st Street and drive south on Lafayette Ave. Turn west (right) on to 72nd Street. Property is on the northeast corner of 72nd/Yale.
City Chicago
Total Units 12
MLS Area CHI - Greater Grand Crossing
Lot Size Square Feet 7320
Street Name Yale
Tax Annual Amount 2323
Electric Expense 900
Fuel Expense 3300
Trash Expense 3000
Water Sewer Expense 6000
Additional Parcels Y/N No
Days on Market 7
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 60'X121'

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
AVG $420K
$5.5M
Taxes
AVG $1,843
$2,323
Visits
AVG 205
426
Data Provided by Inside Real Estate®
Year Built
AVG 1903
1905