DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Quick Search


view all


Any

Any

No Min.

No Max.

Nick Caulfield G.R.I.
Coldwell Banker Residential Brokerage
14225 S. 95th Avenue, Suite 451
 Orland Park, IL 60462

Contact Me

Contact Me





* fields are required
$400,000 Active Under Contract

7157 S Yale Avenue
Chicago, IL 60621

12 units |

Commercial: Multi Family 5+ - MLS# 12519319
Property Photo
1/8

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
Courtesy of Compass
Source: Midwest Real Estate Data (MRED)


Nick Caulfield | 708-267-4359 | Contact Me
14225 S. 95th. Avenue, Suite 451, - Orland Park, IL 60462
Copyright © 2017, All Rights Reserved.

Real Estate Websites by | Admin Menu