7220 South Yates Boulevard

7220 South Yates Boulevard, Chicago, IL 60649

Property Information

  • For Sale $800,000
  • Property Type Multi-Family
  • Property Size 8,000 SF
  • Units 6
  • Lot Size 0.14 Acre
  • Date Updated Apr 3, 2026

Description

Explore the vibrant neighborhood surrounding the property in Chicago, IL. Situated in close proximity to the beautiful Lake Michigan, residents can enjoy stunning waterfront views and recreational activities. The area boasts convenient access to the Museum of Science and Industry, Jackson Park, and the University of Chicago campus, adding cultural and educational appeal. With a variety of dining, nightlife, and retail options nearby, the location offers an attractive lifestyle for residents. Multifamily and high-rise investors will appreciate the potential for strong demand in this desirable, well-connected area of Chicago.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.

Highlights

  • 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.
  • 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.

Contacts

Matthew Neistat

Jameson Commercial

Location

Located at 7220 South Yates Boulevard, Chicago, IL 60649, this property is part of the South Shore neighborhood and Chicago market.

Contact Listing Broker
Matthew Neistat

Jameson Commercial

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