6925 S. Yale Ave

For Sale

6925 South Yale Avenue, Chicago, IL 60621

This Chicago property for sale is located at 6925 South Yale Avenue. The current listed sale price for 6925 S. Yale Ave is $550,000. 6925 S. Yale Ave is situated on a lot that is 9,576 acre in size.

Contacts

broker
Anthony Hardy

Keller Williams ONEChicago

broker
Travis Montgomery

Keller Williams ONEChicago

broker
Rudy Hancock

Keller Williams ONEChicago

broker
Tracii Randolph

Keller Williams ONEChicago

Property Details

  • Property Type Multi-Family
  • Units 0
  • Lot Size 9,576 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 14, 2024

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago are 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 additional 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.

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Getting around

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  • 73/100

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  • 72/100

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Location

  • City Chicago, IL
  • Neighborhood Englewood
  • Zip Code 60621
  • Market Chicago

Points of Interest

  • Halsted

    1.03 miles

  • Garfield

    1.83 miles

  • 63rd Street

    2.21 miles

  • Stony Island

    2.22 miles

  • Gresham

    2.31 miles

  • 55th-56th-57th Street

    2.79 miles

  • Brainerd

    2.90 miles

  • 51st-53rd Street (Hyde Park)

    3.21 miles

  • 95th/Dan Ryan

    3.24 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    4.48 miles

  • Falcon

    0.24 miles

  • 76

    0.32 miles

  • Shell

    0.32 miles

  • BP

    0.37 miles

  • Citgo

    0.45 miles

  • Mobil

    0.55 miles

  • Super Save

    0.76 miles

  • ChargePoint

    1.76 miles

  • Tesla Supercharger

    5.39 miles

  • eVgo

    6.71 miles

  • Campus South Parking

    1.75 miles

  • Ashland/63rd Park & Ride

    1.82 miles

  • Parking/Materials Management

    1.90 miles

  • Medical Campus Parking Garage A

    1.95 miles

  • Garfield Park & Ride

    1.99 miles

  • Medical Campus Parking Garage B

    2.09 miles

  • Kimbark South Parking Garage

    2.20 miles

  • Lexington Parking Lot

    2.22 miles

  • Chapin Hall Parking Lot

    2.29 miles

  • Dorchester Parking Lot

    2.37 miles

  • Best Motel

    0.94 miles

  • Empire Motel

    1.58 miles

  • East of the Ryan

    1.88 miles

  • The Study at the University of Chicago

    2.19 miles

  • South Shore Motel

    2.77 miles

  • Sophy Hotel

    2.95 miles

  • New Budget Motel

    3.03 miles

  • Admiral Motel

    3.04 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.09 miles

  • Beverly Motel & Suites

    3.42 miles

  • Shop-N-Save

    0.57 miles

  • ALDI

    0.64 miles

  • M & H Market

    0.98 miles

  • Forman Mills

    1.14 miles

  • Woodlawn Fresh Market

    1.16 miles

  • Save-A-Lot

    1.18 miles

  • Go Green Community Fresh Market

    1.47 miles

  • City Sports

    1.57 miles

  • Jewel-Osco

    1.64 miles

  • Food 4 Less

    1.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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