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Listing provided courtesy of Jameson Sotheby's Intl RealtyMREDas Distributed by MLSGrid- MLS# 12588325MLS Provider

7220 S Yates BoulevardChicago, IL 60649

Commercial · 5 Beds
$750,000 Active

7220 S Yates Boulevard Overview

Time on Site:
111 days
Visits:
0

FFully gut-renovated six-unit walk-up in Chicago's South Shore | One block from the South Shore Cultural Center, one block from the Metra, steps from Lake Michigan | Fully occupied, all units subsidized through Chicago Housing Authority | Four 2-bedroom and two 3-bedroom units each exceeding 1,200 sq ft with updated kitchens and baths, exposed brick, separate living and dining rooms, and front and rear sunrooms | Taken down to the studs in 2016 - new electrical, copper plumbing, windows, and full unit renovations throughout | On-site laundry and five rear parking spaces | Minutes from the Obama Presidential Center opening June 2026, and just south of the newly groundbroken Illinois Quantum & Microelectronics Park - a $9 billion lakefront campus on the former U.S. Steel South Works site expected to bring thousands of jobs to the South Side | Stabilized, turnkey asset at the center of one of Chicago's most active growth corridors |

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7220 S Yates Boulevard Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 6540
  • Electric Expense: 407
  • Fuel Expense: 9242
  • Gross Income: 120264
  • Gross Scheduled Income: 120264
  • Insurance Expense: 13000
  • Maintenance Expense: 3000
  • Net Operating Income: 59926
  • Operating Expense: 54325
  • Trash Expense: 3660
  • Water Sewer Expense: 2724

Building Information

  • Year Built: 1915

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore
  • Township: Hyde Park

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $9,452.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20252130170000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Unfinished
  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0
  • Lot Size Dimensions: 50' X 124'
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6
  • Utilities: Sewer Connected,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 4

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7220 S Yates Boulevard Neighborhood

Community

60649 (Chicago) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7220 S Yates Boulevard Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7220 S Yates Boulevard Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

7220 S Yates Boulevard History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Price Reduction
$750,000 -6.2%
5/27/2026Source: MRED Status Change
Price Change
3/15/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Added to Database
March 10, 2026