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Multi-Family Income Property
For Sale
Under Contract
$397,000

7340 S Yale Avenue, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market125

Property Features for 7340 S Yale Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 1
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions VINCENNES TO 73RD WEST TO YALE AVENUE TO PROPERTY.
Subdivision CHI - Greater Grand Crossing
Standard status Active Under Contract
APN 20282180230000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2954

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1903
Building materials Brick
Roof type Asphalt
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Behrouz Hoghoughi
Added: Apr 22 Changed: Aug 20 Last Checked: Aug 24 at 5:06PM
MLS# 12627245

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 for-sale multi-family income property is classified as “Other multifamily properties” and is zoned MULTI. The offering is located at 7340 S Yale Avenue in Chicago, Illinois 60621.

The property sits on a 0.07-acre lot. Additional details such as building size, unit mix, and current condition were not provided in the available information.

Key Highlights

  • Brick construction with forced air heating and natural gas fuel
  • Built in 1903
  • Asphalt roof

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Real Estate Agency Gym & Fitness Center Kitchen & Bath Showroom

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

741
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - For sale multifamily property zoned MULTI on a small lot in Chicago.
Where is this multifamily property located?
The property is located at 7340 S Yale Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Brick construction with forced air heating and natural gas fuel; Built in 1903; Asphalt roof
More about this property
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