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$800,000

  • For Sale
  • Active
  • Commercial
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FFully gut-renovated six-unit walk-up in Chicago's South Shore | One block from the South Shore Cultural Center, one block from the Metra, steps from Lake Michigan | Fully occupied, all units subsidized through Chicago Housing Authority | Four 2-bedroom and two 3-bedroom units each exceeding 1,200 sq ft with updated kitchens and baths, exposed brick, separate living and dining rooms, and front and rear sunrooms | Taken down to the studs in 2016 - new electrical, copper plumbing, windows, and full unit renovations throughout | On-site laundry and five rear parking spaces | Minutes from the Obama Presidential Center opening June 2026, and just south of the newly groundbroken Illinois Quantum & Microelectronics Park - a $9 billion lakefront campus on the former U.S. Steel South Works site expected to bring thousands of jobs to the South Side | Stabilized, turnkey asset at the center of one of Chicago's most active growth corridors |

Full Property Details for 7220 S Yates Blvd

General

  • Price: $800,000
  • HOA FEE: $3,000
  • Taxes: $9,452 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12588325
  • Updated: 3/16/2026
  • Added to Site: 25 day(s) ago

Interior

  • Basement: Unfinished

Location

  • Area: CHI - South Shore
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Lakeshore Drive to 71st Street to Yates
  • Location Details: In City Limits

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Radiators

Utilities

  • Water: Municipal Water
  • Trash: 3660
  • Onsite: Sewer Connected, Water Available, Cable Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1915
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Dimensions: 50' x 124'
  • Frontage: City Street
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $3,000
  • Insurance Fee: $13,000
  • Operating Expenses: $54,325
  • Other Fee: $9,635
  • Assessment Year: 1915
  • Tax Amount: $9,452
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 407
  • Pays Trash: 3660

Disclosures and Reports

  • Property ID: 20252130170000

Listed by Jameson Sotheby's Intl Realty

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Listing agent

— 7220 S Yates Blvd —

  • Jameson Sotheby's Intl Realty

(847) 714-2913

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7220 S Yates Blvd

School District:Chicago Public School District 299
NameGradesDistance
Bouchet Elementary Math & Science Academy
7355 South Jeffery Boulevard, Chicago, IL 60649
K-80.5 mi
South Shore Intl Col Prep High School
1955 East 75th Street, Chicago, IL 60649
12-0.6 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7220 S Yates Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/10/2026
Listed
$800,000
60%
MLS
1/27/2020
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7220 S Yates Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,515
3%
$30,770
—
2022
$6,329
2%
$30,770
—
2021
$6,188
34%
$30,770
49%
2020
$4,608
-1%
$20,685
-11%
2019
$4,670
2%
$23,242
—
2018
$4,591
-14%
$23,242
-7%
2017
$5,362
290%
$24,906
180%
2016
$1,374
-69%
$8,895
-67%
2015
$4,481
-2%
$27,078
—
2014
$4,571
2%
$27,207
—
2013
$4,470
1%
$27,207
—
2012
$4,434
—
$27,207
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jameson Sotheby's Intl Realty

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7220 S Yates Boulevard, Chicago, IL 60649 (MLS# 12588325) is a Commercial property. 7220 S Yates Boulevard is currently listed for $800,000 and was received on March 10, 2026. Want to learn more about 7220 S Yates Boulevard? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

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