Chicago, IL 60649 7220 S Yates Boulevard
$750,000



9 more









Presented By: Jameson Sotheby's Intl Realty
Home Details
FFully gut-renovated six-unit walk-up in Chicago's South Shore | One block from the South Shore Cultural Center, one block from the Metra, steps from Lake Michigan | Fully occupied, all units subsidized through Chicago Housing Authority | Four 2-bedroom and two 3-bedroom units each exceeding 1,200 sq ft with updated kitchens and baths, exposed brick, separate living and dining rooms, and front and rear sunrooms | Taken down to the studs in 2016 - new electrical, copper plumbing, windows, and full unit renovations throughout | On-site laundry and five rear parking spaces | Minutes from the Obama Presidential Center opening June 2026, and just south of the newly groundbroken Illinois Quantum & Microelectronics Park - a $9 billion lakefront campus on the former U.S. Steel South Works site expected to bring thousands of jobs to the South Side | Stabilized, turnkey asset at the center of one of Chicago's most active growth corridors |
Presented By: Jameson Sotheby's Intl Realty
Interior Features for 7220 S Yates Boulevard
Other Interior Features
BasementUnfinished
General for 7220 S Yates Boulevard
Additional Parcels Y/NNo
Cap Rate8.18
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Current UseMulti-Family
DirectionsLakeshore Drive to 71st Street to Yates
ElectricCircuit Breakers
Electric Expense407
Fuel Expense9242
Gross Income121308
Insurance Expense13000
MLS AreaCHI - South Shore
MaintenanceExpense3000
Net Operating Income60918
Number Of Units Total6
Operating Expense54325
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount9452
Tax Year2024
Tenant PaysElectricity
TownshipHyde Park
Trash Expense3660
UtilitiesSewer Connected, Water Available, Cable Available
Water Sewer Expense2724
Year Built1915
ZoningMULTI
Exterior for 7220 S Yates Boulevard
Frontage TypeCity Street
Lot Dimensions50' X 124'
Lot Size Acres0
Water SourceMunicipal Water
Additional Details
Price History
