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Listing provided courtesy of Parkvue Realty CorporationMREDas Distributed by MLSGrid- MLS# 12600193MLS Provider

7241 S Yale AvenueChicago, IL 60621

Multi-Family · 4 Beds
$114,900 Price Change

7241 S Yale Avenue Overview

Time on Site:
97 days
Visits:
0

Investor special in the heart of Chicago! This 2-story brick property at 7241 S Yale Ave is a prime rehab opportunity with tons of potential. Featuring a spacious layout, this home is ready for a full renovation-perfect for experienced investors or savvy buyers looking to add value. Ideal for a fix-and-flip or long-term rental hold. Located on a residential block with easy access to public transportation, schools, and local amenities. Sold AS-IS. No survey. Buyer to verify zoning and take subject to any municipal requirements. Utilities will not be activated. Bring your vision and unlock the upside potential of this property! *Property not for rent - beware of rental scams.*

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7241 S Yale Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1913

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Greater Grand Crossing
  • Township: Lake

Tax Information

  • Tax Annual Amount: $1,059.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20282110080000
  • Property Type: Residential Income
  • Special Listing Conditions: REO/Lender Owned

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 8

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 3050
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 2

7241 S Yale Avenue Neighborhood

Community

60621 (CHICAGO) Demographics

37
Median Age
7,171
Population Density (per sq. mile)
16%
College Educated
$23,019
Estimated Median Income
2,506
Estimated Total Home Owners
8,240
Estimated Total Renters
23% / 77%
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.

7241 S Yale Avenue Monthly Cost

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* 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.

7241 S Yale Avenue Market Data

Based on the last 30 days in this zip code

$189,260
Average List Price
$123
Average Price per Square Foot
3
Properties Sold
85
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

7241 S Yale Avenue History

Date Event Value Agent
6/29/2026Source: MRED Price Reduction
$114,900 -4.2%
6/29/2026Source: MRED Status Change
Price Change
5/12/2026Source: MRED Status Change
Contingent
5/6/2026Source: MRED Status Change
Active
5/1/2026Source: MRED Price Reduction
$119,900 -4.0%
5/1/2026Source: MRED Status Change
Price Change
3/29/2026Source: MRED Status Change
Active
3/24/2026Source: MRED Added to Database
March 24, 2026