$550,000
Calculate Payment
6925 S Yale Avenue Chicago, IL 60621
General Commercial
Residence
Beds
Baths
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Pleased to present the multifamily property and land parcel located at 6919-25 S. Yale Ave. in the vibrant Greater Grand Cross neighborhood of Chicago. This investment opportunity, located in Chicago's growing Greater Grand Crossing neighborhood, consists of a six-unit multifamily property and an ad...ditional 4,389 square foot land parcel, both offered at a competitive price of $550,000. The property is being sold "As-Is". The multifamily property comprises (2) three-bedroom, one-bathroom units and (4) two-bedroom, one-bathroom units, providing a diverse mix that appeals to families and professionals alike. The current net operating income (NOI) is $55,505, generating a robust cap rate of 10.09%. With potential value-add improvements and rent increases, the pro forma NOI is projected to reach $62,715 increasing the cap rate to a strong 11.40%. The property benefits from its location in Greater Grand Crossing, a neighborhood experiencing revitalization and increased demand for rental housing. With close proximity to public transportation, schools, parks, and local amenities, it offers tenants a desirable living environment while ensuring high occupancy and stable rental income for investors. The larger units cater to families seeking spacious accommodations, which can result in longer-term tenancy and reduced turnover. One of the standout features of this investment is the included 4,389 square foot land parcel, which provides additional flexibility and growth potential. Investors can explore various development options, such as constructing additional residential units, creating parking or green space, or pursuing commercial development, depending on zoning and market demand. This land parcel adds substantial long-term value to the investment, offering opportunities for further income generation or capital appreciation through development. The current cap rate of 10.09% offers immediate cash flow, and with strategic management, the property's income can be further enhanced. Rent increases, unit upgrades, and operational improvements can drive up the NOI, boosting profitability and return on investment. Additionally, the property's location in a growing neighborhood positions it for future appreciation as the area continues to develop. In summary, this investment opportunity offers a combination of immediate income, value-add potential, and development upside with the included land parcel. At a purchase price of $550,000, the property is attractively priced for investors seeking strong returns, stable cash flow, and long-term growth potential. With the potential to increase rents, enhance property value, and capitalize on the land's development possibilities, 6919 - 25 S. Yale Ave. presents a highly compelling opportunity in Chicago's evolving multifamily market.
Continue reading
MLS#
12188754
Property Type
General Commercial
Year Built
1895
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Nearby Homes For Sale
Just Listed
And
Homes Available
In