BEDS0
BATHS
MLS#12589249
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exclusively engaged to present for sale 7150-52 S. Cornell Ave. Located in Chicago's historic South Shore neighborhood, the subject property contains 12 apartment units featuring (6) Studios and (6) 1 BD/1 BA unit layouts. The units feature spacious layouts and have been been renovated with updated kitchens and baths. There are gas forced air furnaces in every unit. Current ownership has pridefully maintained the building and made significant Cap-Ex upgrades including a new tear off roof and hot water tank in 2022. The property also features upgraded electric service. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market upon tenant turnover. There is also infrastructure in place for the buildout of (2) additional garden apartments.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 25 X 100
Stories: 3.0
Taxes: $15,558
Year Built: 1926
Feature Descriptions
HVAC: Forced Air
Lot Dimensions: 25 X 100
Parcel#: 20251000260000
Tenant Pays: Electricity, Heat
Units: 12
Listed By / Shown By
Listed By
Agency Name: Flats, LLC
Agency Phone: 312-506-3200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,373.22 per month $1,836.09 Principal & Interest $1,296.50 Property Tax $240.63 Homeowner's InsuranceChange Payment Information
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7150-52 S Cornell Avenue | MLS# 12589249
This multi-family property located at 7150-52 S Cornell Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $825,000. Search Chicago real estate on www.bhhscrosby.com today.