1 month on rocket

Backup Offers

7131 S Yale Ave, Chicago, IL, 60621

$193,200

Home List Price

$2,294*

Closing Credit

11 Bedrooms
4 Baths
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7131 S Yale Ave, Chicago$193,200

Buyer Closing Credits

$2,294*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
HeatingNatural Gas
BasementYes
MLS #12172640
StatusAccepting Backup Offers
(Contingent)

About 7131 S Yale Ave

Located in the historic district of Greater Grand Crossing, this money-making 3-flat, on a +/- 6,100 SF lot features massive 1,900-2,100+ sf units! There are a total of 11 bedrooms and 4 bathrooms. Current configuration is as follows: 1st floor: 3/1 easily duplexable into a 4/2. 2nd floor: 4/2 and 3rd floor: 4/1. Proforma GPI is 5,500-6,500/mo. Individual GFAs and the side drive can park 4-5 cars. This is great income property or solid fix & flip. Also, seller has access to the adjacent vacant lot to the North if needed. Stabilized ARVs for this property is 512,000! Close to shopping and restaurants along 71ST St., just a short walk to the #24 Wentworth CTA bus line and 2 minutes to the Kennedy Expressway.

Property Details

Property Features

Listing Office:

  • Office Name: Chicago Real Estate Authority
  • Office Phone: (773) 968-1110
  • Listing Agent: Scott Siegel

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 11

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Harvard Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: 72nd Street East or West to Yale, then North to the subject.

Price Information

Listing Price Info

Price Summary:

  • List Price: $193,200

Tax Information:

  • Annual Amount: $1,670
  • Tax Year: 2019
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Chicago, IL.

Map thumbnail provided by MapBox

Chicago, IL

City

Med. Sold Price

$358.8K

Med. Price/SqFt

$259

Avg. Days On Market

30

# of Sold Homes

1710

7131 S Yale Ave vs Chicago

36 DAYS ON ROCKET

+6 Days

$193,200

-$165.6K Less

KEY TAKEAWAY

This property is $165.6K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12172640

Listing Office:

  • Office Name: Chicago Real Estate Authority
  • Office Phone: (773) 968-1110
  • Listing Agent: Scott Siegel

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:15:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 27, 2002Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2019$1,670$14,485
2018$2,861$14,485
2017$3,511$16,310

History based on county public records data.

Payment Calculator

$1,032

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$646

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-797966
2
/10

  • Harvard Elementary School

  • 7525 S Harvard Ave

  • 0.48 miles

  • Public District Grades KG-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,647. The most common annual income of people living in Chicago, IL is less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7131 S Yale Ave

What is the listing price of this property?

The listing price of 7131 S Yale Ave property is $193,200.

What type of property is this?

The property 7131 S Yale Ave is a house located in Chicago, Illinois, 60621.

Is this property for sale now?

Accepting Backup Offers: 7131 S Yale Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7131 S Yale Ave are:
Harvard Elementary School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $1,670 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 27, 2002 for $200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7131 S Yale Ave has 11 bedrooms and 4 bathrooms.

Rocket Homes›Illinois›Cook County›Chicago›60621›7131 S Yale Ave

This home is located at 7131 S Yale Ave in Chicago, IL and zip code 60621 in the Grand Crossing neighborhood. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $193,200.

In September 2024, from all listings sold in Chicago, IL there were more than 575 sold above asking price, over 826 sold below and more than 308 were sold right at the asked price. Between August 2024 and September 2024, Chicago, IL real estate market has seen increase in the number of listings by 12.6%. While the average time on the market in September 2024 was 30 days, the median list price was $358,841.

From Rocket Homes Real Estate and based on county public records data.

More Resources