Located in the historic district of Greater Grand Crossing, this money-making 3-flat, on a +/- 6,100 SF lot features massive 1,900-2,100+ sf units! There are a total of 11 bedrooms and 4 bathrooms. Current configuration is as follows: 1st floor: 3/1 easily duplexable into a 4/2. 2nd floor: 4/2 and 3rd floor: 4/1. Proforma GPI is 5,500-6,500/mo. Individual GFAs and the side drive can park 4-5 cars. This is great income property or solid fix & flip. Also, seller has access to the adjacent vacant lot to the North if needed. Stabilized ARVs for this property is 512,000! Close to shopping and restaurants along 71ST St., just a short walk to the #24 Wentworth CTA bus line and 2 minutes to the Kennedy Expressway.
Property Details
Property Features
Listing Office:
Office Name: Chicago Real Estate Authority
Office Phone: (773) 968-1110
Listing Agent: Scott Siegel
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Utilities
Utilities Information:
Heating: Natural Gas
Other
Directions Information:
Directions: 72nd Street East or West to Yale, then North to the subject.
Price Information
Listing Price Info
Price Summary:
List Price: $198,400
Tax Information:
Annual Amount: $1,670
Tax Year: 2019
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $165.5K less than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12214713
Listing Office:
Office Name: Chicago Real Estate Authority
Office Phone: (773) 968-1110
Listing Agent: Scott Siegel
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Brownell Elementary School
6741 S Michigan Ave
Distance between this listing and this school0.69 miles
Public District Grades PK-6
7
/10
Woodlawn Elementary Community School
6657 S Kimbark Ave
Distance between this listing and this school1.99 miles
Public District Grades PK-6
4
/10
Pirie Fine Arts and Academic Center Elementary School
650 E 85th St
Distance between this listing and this school2.00 miles
Public District Grades KG-6
Nearby Schools
4
/10
Deneen Elementary School
7240 S Wabash Ave
Distance between this listing and this school0.39 miles
Public District Grades PK-8
5
/10
Parker Elementary Community Academy
6800 S Stewart Ave
Distance between this listing and this school0.46 miles
Public District Grades PK-8
2
/10
Harvard Elementary School
7525 S Harvard Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-8
Nearby Schools
1
/10
Yccs-Progressive Leadership Academy
6620 S Dr Martin L King Jr Dr
Distance between this listing and this school1.01 miles
Public Charter Grades 9-12
3
/10
Noble St Charter-Johnson College Preparatory
6350 S Stewart Ave
Distance between this listing and this school1.02 miles
Public Charter Grades 9-12
1
/10
Urban Preparatory Charter Academy Englewood High School
6201 S Stewart Ave
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $17,647. Typical income of Chicago, IL residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7131 S Yale Ave
What is the listing price of this property?
The listing price of 7131 S Yale Ave property is $198,400.
What type of property is this?
The property 7131 S Yale Ave is a house located in Chicago, Illinois, 60621.
Is this property for sale now?
Active Listing: 7131 S Yale Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $1,670 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 27, 2002 for $200,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7131 S Yale Ave has 11 bedrooms and 4 bathrooms.
This home is located at 7131 S Yale Ave in Chicago, IL and zip code 60621 in the Grand Crossing neighborhood. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $198,400.
In November 2024, from all listings sold in Chicago, IL there were more than 521 sold above asking price, over 845 sold below and more than 254 were sold right at the asked price. In November 2024 in Chicago, IL there were 2.1% more homes for sale than in October 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $363,936.
From Rocket Homes Real Estate and based on county public records data.