7157 South Yale Avenue

Chicago, IL 60621

$500,000
Price
12
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of twelve large (12) 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.7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of twelve large (12) 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.

Listing Agent

  1. Steve Kehoe

    Steve Kehoe

    Listing Agent

    Compass

    steve.kehoe@compass.com

    P: (513)-200-9082

Property Details for 7157 South Yale Avenue

Area
CHI - Greater Grand Crossing
Zoning
MULTI
LISTING UPDATED: 12/12/2024 01:26 PM

Property Details for 7157 South Yale Avenue

StatusActive
MLS #12007560
Days on Market277
Taxes$4,430 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1905
Lot Size0.17 AC / 7,320 SF
CountyCook County

Building Information for 7157 South Yale Avenue

Stories3Residences12Year Built1905Building Size-Lot Size0.17 AC / 7,320 SF

Property Information for 7157 South Yale Avenue

General Information
Location and General Information
  • Information: REO/Lender Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Individual Furnaces
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 60'X121'
  • Lot Size Square Feet: 7320.0
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $900.00
  • Fuel Expense: $3,300.00
  • Gross Income: $111,600.00
  • Gross Scheduled Income: $111,600.00
  • Insurance Expense: $6,000.00
  • Maintenance Expense: $5,000.00
  • Manager Expense: $5,580.00
  • Total Annual Expense Source: Broker Projection
  • Janitor Expense: 3600
  • Total Monthly Income: 9300
  • Net Operating Income: $75,897.00
  • Operating Expense: $33,380.00
  • Other Expense: $.00
  • Trash Expense: $3,000.00
  • Water Sewer Expense: $6,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • 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 7157 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 7157 South Yale Avenue

Taxable ValueLand$4,758Additions$16,242Total$21,000
Tax Record2022$4,319 ($360 / month)
Home Facts
Baths6Total Finished SqFt11,181 SqFtAbove Grade Finished SqFt11,181 SqFtStories3Lot Size7,320 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN20-28-203-010

Schools near 7157 South Yale Avenue

This home is within Chicago Public Schools.
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

Englewood STEM High School
Public9 to 12

EXCEL ACADEMY - ENGLEWOOD 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.

Similar Homes

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Similar Sold Homes

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7157 South Yale Avenue is a multi-family home for sale in Chicago, IL 60621. This property was listed for sale on March 19, 2024 by Compass, it's currently listed at $500,000. It has been on the market for a total of 277 days and was last sold on November 16, 2020. This listing's school district is Chicago Public Schools. Nearby schools include Harvard Elementary School, Englewood STEM High School and Dr. Martin Luther King, Jr. Academy of Social Justice. 7157 South Yale Avenue is a 12-bed, 12-bath, multi-family home built in 1905.

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.

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 12/12/2024 01:26 PM. 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.