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7131 S Yale Ave, Chicago, IL, 60621

$198,400

Home List Price

$2,356*

Closing Credit

11 Bedrooms
4 Baths
House

Location

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7131 S Yale Ave, Chicago$198,400

Buyer Closing Credits

$2,356*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
HeatingNatural Gas
BasementYes
MLS #12214713
StatusActive

About 7131 S Yale Ave

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.

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

7131 S Yale Ave vs Chicago

30 DAYS ON ROCKET

-3 Days

$198,400

-$165.5K Less

KEY TAKEAWAY

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

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 27, 2002Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2019$1,670$14,485
2018$2,861$14,485
2017$3,511$16,310

History based on county public records data.

Payment Calculator

$1,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$661

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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.

Nearby Schools

school-card-donut-925269
5
/10
  • Brownell Elementary School

  • 6741 S Michigan Ave

  • 0.69 miles

  • Public District Grades PK-6

school-card-donut-925270
7
/10
  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 1.99 miles

  • Public District Grades PK-6

school-card-donut-925271
4
/10
  • Pirie Fine Arts and Academic Center Elementary School

  • 650 E 85th St

  • 2.00 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

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.

Rocket HomesIllinoisCook CountyChicago606217131 S Yale Ave

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.

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