7150-52 S Cornell Avenue, Chicago, IL

$825,000

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About 7150-52 S Cornell Avenue

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.

Features of 7150-52 S Cornell Avenue

MLS® # 12589249
Price $825,000
Bathrooms 0.00
Year Built 1926
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 7150-52 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 None
Fireplace No
Has Basement No

Additional Information

Days on Market 158
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFlats, LLC

Listing Map

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