Gut-Rehabbed Center-Entrance 6-Unit
7740 S Yates Blvd Chicago, IL 60649
7740 S Yates Blvd, Chicago, IL, 60649
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For Sale
Contact for pricing
Pending
Six-unit walk-up featuring renovated two-bedroom layouts and a five-car rear garage.
Days on Market103
Property Features for 7740 S Yates Blvd
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Kiser Group
(773) 293-5032
Listed by
Aaron Sklar · License #IL 475161507
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 3:14AM Checked: Jul 22 at 9:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
This center-entranced six (6) unit walk-up has been gut rehabbed and maintained, with an all-two-bedroom unit mix. Each apartment is described as nearly 1,100 square feet and includes separate living and dining rooms with original hardwood flooring. Kitchens and bathrooms have been updated, with kitchens featuring granite countertops and stainless-steel appliances, along with updated bathrooms. Building improvements cited in the materials include an updated roof, electric, copper plumbing, and updated windows. The property also includes a five (5) car garage in the rear.
Located at 7740 S. Yates Blvd in Chicago’s South Shore neighborhood, the remarks note renewed area development tied to proximity to Lake Michigan and Chicago’s downtown, including the construction of the Obama Presidential Library. The offering materials describe the property as stabilized and cash flowing, with an in-place cap rate above 8%, alongside claims of double-digit cash return and rents roughly 20% below market, based on rent-roll stabilization potential.
Located at 7740 S. Yates Blvd in Chicago’s South Shore neighborhood, the remarks note renewed area development tied to proximity to Lake Michigan and Chicago’s downtown, including the construction of the Obama Presidential Library. The offering materials describe the property as stabilized and cash flowing, with an in-place cap rate above 8%, alongside claims of double-digit cash return and rents roughly 20% below market, based on rent-roll stabilization potential.
Key Highlights
- Six‑unit, center‑entranced walk‑up at 7740 S. Yates in Chicago’s South Shore
- All units are 2‑bedroom apartments with nearly 1,100 SF and separate living and dining rooms
- Original hardwood flooring runs throughout the units
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FAQs
What type of property is this?
Apartment building - Six-unit walk-up featuring renovated two-bedroom layouts and a five-car rear garage.
Where is this apartment building located?
The property is located at 7740 S Yates Blvd Chicago, IL.
What are key features of this property?
This property features: Six‑unit, center‑entranced walk‑up at 7740 S. Yates in Chicago’s South Shore; All units are 2‑bedroom apartments with nearly 1,100 SF and separate living and dining rooms; Original hardwood flooring runs throughout the units
