7250 South Yale Avenue

Chicago, IL 60621

$700,000
Price
20
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by David McLennan • Pearson Realty Group

Property Details for 7250 South Yale Avenue

Area
CHI - Greater Grand Crossing

Location

Listing Courtesy of Pearson Realty Group
Add your commute
LISTING UPDATED: 04/21/2024 12:06 AM

Property Details for 7250 South Yale Avenue

StatusActive
MLS #12028281
Days on Market17
Taxes$3,622 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1900
Lot Size0.14 AC / 6,200 SF
CountyCook County

Location

Listing Courtesy of Pearson Realty Group
Add your commute

Building Information for 7250 South Yale Avenue

Stories-Residences7Year Built1900Building Size-Lot Size0.14 AC / 6,200 SF

Payment Calculator

$4,122 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,820

Property Taxes

$302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7250 South Yale Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers
  • Basement Description: Partially Finished
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 7
  • Num of Baths: 7.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X124
  • Lot Size Square Feet: 6200.0
  • Stories: 3
  • Construction: Brick
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Lot Size Source: County Records
  • # Of Ranges: 7
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,724.00
  • Fuel Expense: $8,567.00
  • Gross Income: $88,356.00
  • Gross Scheduled Income: $88,356.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $1,062.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 1200
  • Net Operating Income Year: 2023
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Actual
  • Total Monthly Income: 7363
  • Water Expense Source: Actual
  • Net Operating Income: $46,211.00
  • Operating Expense: $42,145.00
  • Other Expense: $12,314.00
  • Trash Expense: $2,802.00
  • Water Sewer Expense: $6,354.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7250 South Yale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7250 South Yale Avenue

Taxable ValueLand$4,030Additions$13,970Total$18,000
Tax Record2022$3,702 ($309 / month)
Home Facts
Baths6Total Finished SqFt7,980 SqFtAbove Grade Finished SqFt7,980 SqFtStories3Lot Size6,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN20-28-210-028

Schools near 7250 South Yale Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Harvard Elementary School
PublicPK to 8

Robeson High School
Public9 to 12

MAGIC JOHNSON-NTH LAWNDALE HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7250 South Yale Avenue is a multi-family home for sale in Chicago, IL 60621. This property was listed for sale on April 15, 2024 by Pearson Realty Group, it's currently listed at $700,000. It has been on the market for a total of 17 days and was last sold on June 29, 2018. This listing's school district is City Of Chicago School District 299. Nearby schools include Harvard Elementary School, Robeson High School and Dr. Martin Luther King, Jr. Academy of Social Justice. 7250 South Yale Avenue is a 20-bed, 7-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pearson Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/21/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.