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 |
| Taxes | $8,482 |
Community Information
| Address | 6816 S Cornell Avenue |
|---|---|
| Area | CHI - South Shore |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60649 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | 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
| Office | Coldwell Banker Realty |
|---|