7147-49 S Cornell Ave
Chicago, IL 60649
$535,000
Price
7,600
Sq. Ft.
Share
7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649 7147-49 S Cornell Ave, Chicago, IL 60649

Executive Summary

CRER is pleased to present a six-unit multifamily property in Chicago’s south side neighborhood of South Shore. The property consists of (6) 2 bedroom, 1 bath units that feature separate living and dining rooms. Recent improvements to the mechanicals include individual furnaces, copper plumbing, newer hot water tanks (2018), and updated electrical wiring to the units. Three of the units have been freshly remodeled during the past year and the other three partially remodeled. The property also includes a four-car garage which provides additional income. The property is currently 100% occupied. The value-add potential is to fully remodel the other three units and increase rents to market value. This investment presents an investor the opportunity to own a stabilized asset on one of the best blocks in the appreciating South Shore neighborhood.

Property Location

Chicago » 60649 » 7147-49 S Cornell Ave

Property Details

Status Active
Listing Type For Sale
Property Type Multifamily
Building Size 7,600 Sq. Ft.
Price $535,000
Cap Rate 9.1%

Broker Contact

Finley Askin CRER Broker

Finley Askin

Mobile: (606) 375-5398

Office: (773) 327-9300

Email: FinleyA@crer.om

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