6925 Yale Ave Chicago, IL 60621

This exceptional investment opportunity presents a six-unit apartment building located at 6925 S Yale Ave, Chicago, IL 60621, in the vibrant Greater Grand Crossing neighborhood. The property, built in 1898, consists of a three-story building encompassing 6,696 to 9,576 square feet and features a mix of two and three-bedroom units (four two-bedroom, one-bathroom units and two three-bedroom, one-bathroom units). Currently generating a net operating income (NOI) of $55,505, resulting in a 10.09% capitalization rate, this property offers significant value-add potential. Pro forma projections indicate a NOI of $62,715, increasing the cap rate to 11.40%. The asking price is $550,000, translating to $91,667 per unit. A key advantage is the inclusion of an additional 4,389 square foot land parcel (APN: 20-21-414-006 & 20-21-414-005), providing substantial development potential for future expansion or alternative uses. The property's location offers convenient access to public transportation, schools, parks, and local amenities, contributing to high occupancy rates and stable rental income. This combination of immediate cash flow, value-add potential, and development upside makes this a compelling investment opportunity in Chicago's growing multifamily market. The property is being sold "As-Is".