7250 S Yale Avenue
Chicago, IL 60621

Tools & Resources:

Description

OPPORTUNITY ZONE SPECIAL - Located in Chicago's South Side Englewood neighborhood, 7250 S Yale is a 7-unit brick walk-up, offering strong value-add potential for improvement in market rents and room for renovation / updates too. The unit mix consists of six spacious 3BD/1BA layouts and one 2BD/1BA garden unit, 8K SF overall, with upside through renovation and rent increases. The property features desirable highlights such as a modern boiler, newer hot water heater, code-compliant porch, and hardwood flooring throughout. Building has a clean bill of health with the Buildings department and has had long term tenants with low rents - presenting an opportunity for investors to reposition and stabilize in a rapidly evolving submarket. The adjacent corner lot is city-owned and potential to acquire thru local alderman and ChiBuilder program. Situated near major transit corridors and ongoing redevelopment efforts in Englewood, this asset is well-positioned for both cash flow and long-term appreciation. Ideal for hands-on operators or value-focused investors looking for scale in a recovering pocket of Chicago's South Side.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60621
• Year Built: 1900
• Sq.Ft.: 8,300 sq ft
• Stories: 3
• Units: 7 units
• Basement: Partially Finished
• Zoning: MULTI
• # Of Ranges: 7
• # Of Refrigs: 7
• Approximate Age: Older
• Building Area Total: 8300
• Building Unit Info: No Units Furnished
• Built Before 1978 (Y/N): Yes
• Cap Rate: 13.5
• Construction Materials: Brick
• Cooling: Window Unit(s)
• 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.
• Electric: Circuit Breakers
• Electric Expense: 1337
• Electric Expense Source: Actual
• Expense Year: 2023
• Fire Protection: Fire Extinguisher/s
• Foundation Details: Concrete Perimeter
• Fuel Expense: 9713
• Fuel Expense Source: Actual
• Gross Income: 75867
• Gross Rent Multiplier: 5.66
• Gross Scheduled Income: 106000
• Heat/Ventilation: Radiators
• Information: List Broker Must Accompany
• Insurance Expense: 3500
• Insurance Expense Source: Owner Projection
• Janitor Expense: 2100
• Known Encumbrances: None Known
• Lot Size Source: County Records
• Lot Size Square Feet: 6250
• Main Type: Commercial Sale
• Operating Expense: 21475
• Other Expense Source: Combination
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Owner Projection
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 3433
• Tax Year: 2023
• Tenant Pays: Electricity
• Total Annual Expense Source: Combination
• Total Monthly Income: 8833
• Trash Expense: 2277
• Trash Expense Source: Actual
• Virtual Tour Date: 2025-09-08T06:11:38
• Water Expense Source: Actual
• Water Sewer Expense: 1237