Pleased to present the multifamily property and land parcel located at 6919-25 S. Yale Ave. in the vibrant Greater Grand Cross neighborhood of Chicago. This investment opportunity, located in Chicago's growing Greater Grand Crossing neighborhood, consists of a six-unit multifamily property and an additional 4,389 square foot land parcel, both offered at a competitive price of $550,000. The multifamily property comprises (2) three-bedroom, one-bathroom units and (4) two-bedroom, one-bathroom units, providing a diverse mix that appeals to families and professionals alike. The current net operating income (NOI) is $55,505, generating a robust cap rate of 10.09%. With potential value-add improvements and rent increases, the pro forma NOI is projected to reach $62,715 increasing the cap rate to a strong 11.40%. The property benefits from its location in Greater Grand Crossing, a neighborhood experiencing revitalization and increased demand for rental housing. With close proximity to public transportation, schools, parks, and local amenities, it offers tenants a desirable living environment while ensuring high occupancy and stable rental income for investors. The larger units cater to families seeking spacious accommodations, which can result in longer-term tenancy and reduced turnover. One of the standout features of this investment is the included 4,389 square foot land parcel, which provides additional flexibility and growth potential. Investors can explore various development options, such as constructing additional residential units, creating parking or green space, or pursuing commercial development, depending on zoning and market demand. This land parcel adds substantial long-term value to the investment, offering opportunities for further income generation or capital appreciation through development. The current cap rate of 10.09% offers immediate cash flow, and with strategic management, the property's income can be further enhanced. Rent increases, unit upgrades, and operational improvements can drive up the NOI, boosting profitability and return on investment. Additionally, the property's location in a growing neighborhood positions it for future appreciation as the area continues to develop. In summary, this investment opportunity offers a combination of immediate income, value-add potential, and development upside with the included land parcel. At a purchase price of $550,000, the property is attractively priced for investors seeking strong returns, stable cash flow, and long-term growth potential. With the potential to increase rents, enhance property value, and capitalize on the land's development possibilities, 6919 - 25 S. Yale Ave. presents a highly compelling opportunity in Chicago's evolving multifamily market.

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago



Based on information submitted to the MLS GRID as of 2025-05-13 12:13 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-05-13 12:13 AM UTC
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