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7220 S Yates Blvd 6 Unit Apartment Building $1,104,960 CAD ($184,160 CAD/Unit) 7.69% Cap Rate Chicago, IL 60649
Investment Highlights
- Gut Renovation Complete Full 2016 renovation: new electric, plumbing, kitchens, baths & building
- Oversized Units All 2BR/1BA units at ~1,200 SF each — well above market average for the submarket
- CHA Voucher Stability 5 of 6 units on CHA vouchers — government-backed rent with no credit risk
- Exceptional Amenity Location 1 block to South Shore Cultural Center, Metra station & minutes to the lakefront.
Executive Summary
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
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,104,960 CAD | Building Class | C |
| Price Per Unit | $184,160 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 7.69% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2017 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $1,104,960 CAD |
| Price Per Unit | $184,160 CAD |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2017 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Den
- Dining Room
- Family Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,314 CAD | - |
| 3+1 | 2 | $2,325 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 20-25-213-017-0000 | Total Assessment | $64,393 CAD |
| Land Assessment | $7,723 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $56,670 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
20-25-213-017-0000
Land Assessment
$7,723 CAD
Improvements Assessment
$56,670 CAD
Total Assessment
$64,393 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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7220 S Yates Blvd
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