7220 South Yates Boulevard, Chicago, IL for sale

Investment Overview

7220 S Yates is a fully gut renovated, six-unit center-entrance walk-up in Chicago's South Shore, one block from the South Shore Cultural Center and Metra and a short walk to Lake Michigan. Completed in 2016, the renovation included new kitchens and baths, updated plumbing and electrical, new windows, and a refreshed interior throughout, significantly reducing near-term capital needs. Large 2- and 3-bedroom layouts with separate living and dining rooms, dual sunrooms, and a mix of exposed brick and drywall create a differentiated rental product that remains competitive with newer construction while benefiting from a stable, largely subsidized tenant base.

Investment Highlights

• Gut Renovation Complete- Full 2016 renovation: new electric, plumbing, kitchens, baths & building
• CHA Voucher Stability- 5 of 6 units on CHA vouchers — government-backed rent with no credit risk.
• Oversized Units- All 2BR/1BA units at ~1,200 SF each — well above market average for the submarket.
• Exceptional Amenity Location- 1 block to South Shore Cultural Center, Metra station & minutes to the lakefront.