6816 S Cornell Avenue, Chicago, IL

$1,200,000

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0.14

Acres

About 6816 S Cornell Avenue

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.

Features of 6816 S Cornell Avenue

MLS® # 12700556
Price $1,200,000
Bathrooms 0.00
Acres 0.14
Year Built 1916
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 6816 S Cornell Avenue
Area CHI - South Shore
City Chicago
County Cook
State IL
Zip Code 60649

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Partially Finished, Exterior Entry

Exterior

Exterior Brick

Additional Information

Days on Market 56
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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