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7613 S Yates Blvd - AIA /// 6 UNITS /// SOUTH SHORE

6 Unit Apartment Building Offered at $535,000 at a 9.72% Cap Rate in Chicago, IL 60649

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Investment Highlights

SOUTH SHORE NEIGHBORHOOD
ALL LARGE 5.5 ROOM 2-BEDROOM APARTMENTS
FULL COPPER PLUMBING

PREVIOUSLY GUT-RENOVATED
TENANT-PAID HEAT & CENTRAL AIR
UPGRADED ELECTRIC

Executive Summary

Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299

Property Facts

Price	$535,000	Building Class	C
Price Per Unit	$89,167	Building Size	10,000 SF
Sale Type	Investment	Average Occupancy	100%
Cap Rate	9.72%	No. Stories	3
Gross Rent Multiplier	6.06	Year Built/Renovated	1926/2015
No. Units	6	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Multifamily

Price	$535,000
Price Per Unit	$89,167
Sale Type	Investment
Cap Rate	9.72%
Gross Rent Multiplier	6.06
No. Units	6
Property Type	Multifamily
Building Class	C
Building Size	10,000 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1926/2015
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Very Walkable (71)

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PROPERTY TAXES

Parcel Number	21-30-307-002-0000	Improvements Assessment	$16,700
Land Assessment	$9,300	Total Assessment	$26,000

PROPERTY TAXES

Parcel Number

21-30-307-002-0000

Land Assessment

$9,300

Improvements Assessment

$16,700

Total Assessment

$26,000

Listing ID: 31966204
Date on Market: 5/30/2024
Last Updated:
Address: 7613 S Yates Blvd, Chicago, IL 60649

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