BEDS0
BATHS
MLS#12700556
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional investment opportunity in the highly desirable South Shore neighborhood! This well-maintained seven-unit multifamily building offers a strong unit mix consisting of six spacious three-bedroom, one-bath apartments and one one-bedroom, one-bath unit, providing broad tenant appeal and consistent rental demand. Ideally located less than one mile from the New Obama Center, South Shore Cultural Center, public transportation, shopping, restaurants, parks, and other neighborhood amenities. This property is well-positioned for long-term occupancy and appreciation. Approximately half of the units are occupied under subsidized rental programs, providing a stable and reliable income stream, while the remaining market-rate units offer potential for future rental growth. Whether you're looking to expand your portfolio or acquire a solid income-producing asset in a thriving community, this property presents an excellent opportunity. Convenient location, spacious floor plans, and dependable cash flow make this a standout investment in one of Chicago's most established neighborhoods.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.14 Acres
Stories: 3.0
Taxes: $8,482
Year Built: 1916
Feature Descriptions
Electric: Circuit Breakers
Exterior: Brick
HVAC: Forced Air, Gas
Lot Dimensions: 45X125
Parcel#: 20243080130000
Parking: 1-5 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 7
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 312-981-5500
Shown By
Agent Name: Carol 'Korky' Williams
Agent Phone: (815) 494-7812
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 6,507.61 per month $5,450.77 Principal & Interest $706.83 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
Carol 'Korky' Williams
Cell: (815) 494-7812
Fax: (815) 231-8676
Office Number: (815) 282-2222
Email Me
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6816 S Cornell Avenue | MLS# 12700556
This multi-family property located at 6816 S Cornell Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $1,200,000. Search Chicago real estate on cwilliams.gogambino.com today.