Gut-Rehabbed Center-Entrance 6-Unit
For Sale
Contact for pricing
Pending
7740 S Yates Blvd, Chicago, IL 60649
Six-unit walk-up featuring renovated two-bedroom layouts and a five-car rear garage.
Property SizeContact for details
Days on Market149
Property Features for 7740 S Yates Blvd
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Kiser Group
Listed By:
Aaron Sklar · License #IL 475161507
(773) 293-5032
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 2 at 5:27AM
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
