7036-7038 S Yale Ave
Chicago, IL 60621
Large 6-Flat Cash Cow in Chicago · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 7,236 SF |
| Property Subtype | Apartment | Average Occupancy | 85% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1900 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,236 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Tile Floors
- Refrigerator
- Tub/Shower
- Yard
- Window Coverings
About 7036-7038 S YALE AVE , CHICAGO, IL 60621
Currently under contract but looking for backup offers. Huge 6 flat with 5 units 4bed/1bath and 1 unit 3bed/1bath. Like a 8-10 units! All units were newly remodeled. separate utilities. In unit furnace, hot water heater, and laundry room. All wood or tile floors. No Carpet. Low tax; low insurance; Low utilities. One unit vacant for showing. Current rent roll based on 5 units are 5446, vacant unit can be rented for 1100-1250; Pro-forma rent $7500 for Section 8 with 3+ bed vouchers. Offer subject to inspection. Do not disturb tenants. Can be consolidated with others to 21 unit portfolio with current gross rent of 21K per month at 10% cap, with room for improving CAP to 12% by filling two vacancies and rent increase. Chicago south close to 71st/72od st. Close to HW94. Convenient to school, shopping and public transportation.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 5 | $1,250 | - |
| 3+1 | 1 | $1,025 | - |
Property Taxes
| Parcel Number | 20-21-421-016-0000 | Improvements Assessment | $32,020 |
| Land Assessment | $1,980 | Total Assessment | $34,000 |
Property Taxes
