7220 S Yates Blvd Chicago, IL 60649
South Shore NeighborhoodEstimated payment $4,851/month
About This Home
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 |
Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (847) 714-2913 License #475156088 Listed on: 03/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,452
Year Built
- Built in 1915
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Utilities
- Window Unit Cooling System
- Radiator
- Cable TV Available
Additional Features
- 3-Story Property
- Lot Dimensions are 50' x 124'
- Unfinished Basement
Listing and Financial Details
- The owner pays for snow removal, trash collection, management, sewer, water, common area maintenance, heat, hot water, insurance, janitorial service, taxes, repairs, roof, scavenger
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $407
- Fuel Expense $9,242
- Insurance Expense $13,000
- Maintenance Expense $3,000
- Manager Expense $6,600
- Other Expense $6,540
- Trash Expense $3,660
- Water Sewer Expense $2,724
- Operating Expense $54,325
- Gross Income $120,264
- Net Operating Income $59,926
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,515 | $46,900 | $5,625 | $41,275 |
| 2024 | $6,515 | $46,900 | $5,625 | $41,275 |
| 2023 | $6,329 | $30,771 | $7,813 | $22,958 |
| 2022 | $6,329 | $30,771 | $7,813 | $22,958 |
| 2021 | $6,188 | $30,770 | $7,812 | $22,958 |
| 2020 | $4,608 | $20,685 | $7,812 | $12,873 |
| 2019 | $4,670 | $23,242 | $7,812 | $15,430 |
| 2018 | $4,591 | $23,242 | $7,812 | $15,430 |
| 2017 | $5,362 | $24,906 | $6,875 | $18,031 |
| 2016 | $1,374 | $8,895 | $6,875 | $2,020 |
| 2015 | $4,481 | $27,078 | $6,875 | $20,203 |
| 2014 | $4,571 | $27,207 | $5,625 | $21,582 |
| 2013 | $4,470 | $27,207 | $5,625 | $21,582 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | Price Changed | $750,000 | -6.3% | -- | |
| 03/10/2026 03/10/26 | For Sale | $800,000 | +60.0% | -- | |
| 05/07/2020 05/07/20 | Off Market | $500,000 | -- | -- | |
| 02/07/2020 02/07/20 | Sold | $500,000 | -7.4% | -- | View Prior Sale |
| 10/30/2019 10/30/19 | Pending | -- | -- | -- | |
| 09/10/2019 09/10/19 | For Sale | $540,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12588325
APN: 20-25-213-017-0000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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