7157 S Yale Avenue
Chicago, IL 60621

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Description

7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of 6 large one bed/one bath units (easily converted to 2 bedrooms), 3 two bed/one bath units, and 3 one bed,one bath units, varying in sq ft and projected market rent. This REO property will require 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.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Special Conditions: REO/Bank Owned
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60621
• Year Built: 1905
• Stories: 3
• Units: 12 units
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 22.4
• 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.
• Electric Expense: 900
• Fuel Expense: 3300
• Gross Income: 138600
• Gross Rent Multiplier: 3.25
• Gross Scheduled Income: 138600
• Heat/Ventilation: Individual Furnaces
• Information: REO/Lender Owned
• Insurance Expense: 6000
• Janitor Expense: 3600
• Lot Size Square Feet: 7320
• Main Type: Commercial Sale
• Maintenance Expense: 5000
• Manager Expense: 5580
• Operating Expense: 33380
• Tax Annual Amount: 4430
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 11550
• Trash Expense: 3000
• Type Multi-Family: Garden Complex
• Water Sewer Expense: 6000