7220 South Yates Boulevard

Chicago IL 60649

6200 sq. ft.

Multi-Family

Last sold for $500,000

Aaron Sklar, last sold this property on 07 February 2020 after 737461 days on market.

Overview

Property is an oversized, gut-renovated six (6) unit center entranced walk-up located in Chicago's South Shore neighborhood. The subject site sits roughly one (1) block away from the historic South Shore Cultural Center and is conveniently located less than one (1) block away from the South Shore Metra train station. Additionally, the asset is just blocks away from the lake and the renowned South Shore Golf Course. Property is comprised of six incredibly spacious (6) 2b/1ba units spanning over 1, 200 square feet of living space. The building underwent a complete gut-renovation down to the studs during the end of 2016. All the units feature updated kitchens and baths and are spacious with a mixture of drywall and exposed brick and separate living and dining rooms. Additionally, each unit boasts an additional sun room in both the front and the rear. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes (2016), new windows, updated copper plumbing (2016), code compliant porch (2012), as well as a complete renovation to the units (2016). Additionally, there is also a laundry facility on site featuring both a washing and drying machine. Currently, the building is 100% occupied and all the tenants are subsidized through Chicago Housing. Furthermore, there are (5) parking spots in the rear, which provide tenants an additional amenity.

Features

6200 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Chicago over the last 12 months, the estimated median property value of 7220 South Yates Boulevard is $350k.

Median value

$350k

Estimated value range

$50k - $1.41m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7220 South Yates Boulevard

2020

Sold

$500,000

07 Feb 2020 by Aaron Sklar, of Kiser Group Realty Inc

Happy sellers in Chicago

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