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Two-Story Brick Multifamily
For Sale
Under Contract
$114,900

7241 S Yale Avenue, Chicago, IL 60621

MULTI_FAMILY - Chicago, IL

Days on Market131

Property Features for 7241 S Yale Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking 2
Parking features Garage
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions On Yale between 72nd and 73rd
Subdivision CHI - Greater Grand Crossing
Special listing conditions In Foreclosure
Standard status Active Under Contract
APN 20282110080000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1059

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1913
Building materials Brick
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Added: Mar 24 Changed: Jul 28 Last Checked: Aug 1 at 8:06AM
MLS# 12600193

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story brick multifamily property is being offered for sale as an AS-IS rehab opportunity. The current condition is positioned for renovation, with a layout that offers room for customization during the rehab process.

The property is located at 7241 S Yale Avenue in Chicago, IL 60621. Public remarks note easy access to public transportation, schools, and local amenities.

The sale is subject to several items noted in the public remarks, including “no survey,” utilities not being activated, and the buyer’s responsibility to verify zoning and take the property subject to any municipal requirements. Public remarks also state the property is not for rent, and buyers should be aware of rental scams.

Key Highlights

  • 2‑story brick property built in 1913 at 7241 S Yale Ave, Chicago
  • Heating: natural gas; water source: public; sewer: public sewer
  • Garage parking available

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Gym & Fitness Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

800
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two-story brick multifamily property sold AS-IS, with utilities not activated and no survey on file.
Where is this multifamily property located?
The property is located at 7241 S Yale Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 2‑story brick property built in 1913 at 7241 S Yale Ave, Chicago; Heating: natural gas; water source: public; sewer: public sewer; Garage parking available
More about this property
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