7150-52 S Cornell Avenue Chicago, IL $ 825,000
7150-52 S Cornell Avenue
$ 825,000
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7150-52 S Cornell Avenue

Chicago, IL, 60649
$ 825,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 5,080

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Multi-Family Home for sale in Chicago, IL

for $825,000 with 2 bedrooms. This home was built in 1926.

Interra Realty has been 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.

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Multi-Family Active

Price

$ 825,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 15,558

Style

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12589249

Features
General
Cooling None
Year Built 1926
Tenant Pays Electricity Heat
Stories Count 3
Tax Year 2024
Gross Income 126840
County Cook
Net Operating Income 61515
Operating Expense 40888
Insurance Expense 8361
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3000
Status New
Directions 7150-52 S. Cornell Ave. MAJOR INTERSECTION 71st & Cornell Ave.
City Chicago
Number Of Units Total 12
MLS Area CHI - South Shore
Tax Annual Amount 15558
Electric Expense 600
Fuel Expense 4725
Trash Expense 6397
Water Sewer Expense 5907
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 25 X 100
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* Excluded Features
List By
Flats, Llc

Broker

melissa13@aol.com

Email

Affordability Calculator

$6,376
Per Month
80%
20%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$1,297
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$825,000 Listed Price

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7150-52 S Cornell Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $825,000. 7150-52 S Cornell Avenue has 2 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60649 which is in Chicago, IL