6925 South Yale Avenue

Chicago, IL 60621

$550,000
Price
14
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a building with a yard
a view of entryway
a kitchen with a hard wood floor white cabinets and stainless steel appliances
an empty room with wooden floor and windows
a kitchen with a refrigerator and a stove
a view of empty room with window
an empty room with a window
a bathroom with a sink and a mirror
a close up of a sink
a view of a room with gym equipment
an aerial view of a house with yard and seating space
a front view of a house with a yard
a front view of a building with street view
a front view of a house with a yard
an aerial view of a house with a garden
an aerial view of a house with outdoor space
an aerial view of residential houses with city view

Description

Pleased to present the multifamily property and land parcel located at 6919-25 S. Yale Ave. in the vibrant Greater Grand Cross neighborhood of Chicago. This investment opportunity, located in Chicago's growing Greater Grand Crossing neighborhood, consists of a six-unit multifamily property and an additional 4,389 square foot land parcel, both offered at a competitive price of $550,000. The property is being sold "As-Is". The multifamily property comprises (2) three-bedroom, one-bathroom units and...Pleased to present the multifamily property and land parcel located at 6919-25 S. Yale Ave. in the vibrant Greater Grand Cross neighborhood of Chicago. This investment opportunity, located in Chicago's growing Greater Grand Crossing neighborhood, consists of a six-unit multifamily property and an additional 4,389 square foot land parcel, both offered at a competitive price of $550,000. The property is being sold "As-Is". The multifamily property comprises (2) three-bedroom, one-bathroom units and (4) two-bedroom, one-bathroom units, providing a diverse mix that appeals to families and professionals alike. The current net operating income (NOI) is $55,505, generating a robust cap rate of 10.09%. With potential value-add improvements and rent increases, the pro forma NOI is projected to reach $62,715 increasing the cap rate to a strong 11.40%. The property benefits from its location in Greater Grand Crossing, a neighborhood experiencing revitalization and increased demand for rental housing. With close proximity to public transportation, schools, parks, and local amenities, it offers tenants a desirable living environment while ensuring high occupancy and stable rental income for investors. The larger units cater to families seeking spacious accommodations, which can result in longer-term tenancy and reduced turnover. One of the standout features of this investment is the included 4,389 square foot land parcel, which provides additional flexibility and growth potential. Investors can explore various development options, such as constructing additional residential units, creating parking or green space, or pursuing commercial development, depending on zoning and market demand. This land parcel adds substantial long-term value to the investment, offering opportunities for further income generation or capital appreciation through development. The current cap rate of 10.09% offers immediate cash flow, and with strategic management, the property's income can be further enhanced. Rent increases, unit upgrades, and operational improvements can drive up the NOI, boosting profitability and return on investment. Additionally, the property's location in a growing neighborhood positions it for future appreciation as the area continues to develop. In summary, this investment opportunity offers a combination of immediate income, value-add potential, and development upside with the included land parcel. At a purchase price of $550,000, the property is attractively priced for investors seeking strong returns, stable cash flow, and long-term growth potential. With the potential to increase rents, enhance property value, and capitalize on the land's development possibilities, 6919 - 25 S. Yale Ave. presents a highly compelling opportunity in Chicago's evolving multifamily market.
  1. Listed by Anthony Hardy • Keller Williams ONEChicago
  2. Listed by Travis Montgomery • Keller Williams ONEChicago

Property Details for 6925 South Yale Avenue

Area
CHI - Greater Grand Crossing
Township
Hyde Park
Zoning
MULTI
LISTING UPDATED: 10/21/2024 12:07 AM

Property Details for 6925 South Yale Avenue

StatusActive
MLS #12188754
Days on Market31
Taxes$5,032 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1895
Lot Size0.15 AC / 6,500 SF
CountyCook County

Building Information for 6925 South Yale Avenue

Stories3Residences6Year Built1895Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 6925 South Yale Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: No Sign on Property,None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Gas
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Security Lighting,Storms and Screens (as exist)
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X130
  • Lot Size Square Feet: 6500.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Tar and Gravel
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Green Supporting Documents: N
  • Photos Count: 18
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: OP
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 0
  • Water Expense Source: Actual
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
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 6925 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 6925 South Yale Avenue

Taxable ValueLand$3,371Additions$17,628Total$20,999
Tax Record2022$4,319 ($360 / month)
Home Facts
Baths4Total Finished SqFt6,696 SqFtAbove Grade Finished SqFt6,696 SqFtStories3Lot Size5,187 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN20-21-414-006

Schools near 6925 South Yale Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Harvard Elementary School
Public - PK to 8
Johnson College Prep
Charter - 9 to 12
Dr. Martin Luther King, Jr. Academy of Social Justice
Public - PK to 8
Kershaw Elementary School
Public - PK to 8
Rating
School
Distance
Harvard Elementary School
PublicPK to 8

Johnson College Prep
Charter9 to 12

Dr. Martin Luther King, Jr. Academy of Social Justice
PublicPK to 8

Kershaw Elementary School
PublicPK to 8

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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More information about 6925 South Yale Avenue, Chicago, IL 60621

6925 South Yale Avenue is a multi-family home for sale in Chicago, IL 60621. This property was listed for sale on October 15, 2024 by Keller Williams ONEChicago, it's currently listed at $550,000. This listing's school district is Chicago Public Schools. Nearby schools include Harvard Elementary School, Johnson College Prep and Dr. Martin Luther King, Jr. Academy of Social Justice. 6925 South Yale Avenue is a 14-bed, 6-bath, multi-family home built in 1895.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams ONEChicago

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 10/21/2024 12:07 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.