7056 S Parnell Avenue Chicago, IL $ 695,000
7056 S Parnell Avenue
$ 695,000
Recently Listed
Share Save

7056 S Parnell Avenue

Chicago, IL, 60621
$ 695,000
Bedrooms14 Baths0.0

Monthly Estimate*

$ 4,279

7056 S Parnell Avenue, Chicago, IL 60621 - Image 1
7056 S Parnell Avenue, Chicago, IL 60621 - Image 2
7056 S Parnell Avenue, Chicago, IL 60621 - Image 3
7056 S Parnell Avenue, Chicago, IL 60621 - Image 4
7056 S Parnell Avenue, Chicago, IL 60621 - Image 5
7056 S Parnell Avenue, Chicago, IL 60621 - Image 6
7056 S Parnell Avenue, Chicago, IL 60621 - Image 7
7056 S Parnell Avenue, Chicago, IL 60621 - Image 8
7056 S Parnell Avenue, Chicago, IL 60621 - Image 9
7056 S Parnell Avenue, Chicago, IL 60621 - Image 10
7056 S Parnell Avenue, Chicago, IL 60621 - Image 11
7056 S Parnell Avenue, Chicago, IL 60621 - Image 12
7056 S Parnell Avenue, Chicago, IL 60621 - Image 13
7056 S Parnell Avenue, Chicago, IL 60621 - Image 14
7056 S Parnell Avenue, Chicago, IL 60621 - Image 15
7056 S Parnell Avenue, Chicago, IL 60621 - Image 16

Multi-Family Home for sale in Chicago, IL

for $695,000 with 14 bedrooms. This home was built in 1902.

7056 S Parnell Ave presents an excellent opportunity to acquire a solid 6 unit brick investment property on a corner lot in Chicago's Englewood neighborhood. Located in an opportunity zone, this well maintained building features oversized apartments with highly desirable layouts, including one 4 bedroom/2 bathroom unit, two 3 bedroom/2 bathroom units, one 4 bedroom/1 bathroom unit, and two 3 bedroom/1 bathroom units. Each apartment offers hardwood floors throughout, separate living and dining rooms, spacious kitchens, generous bedroom sizes, and separate utilities for added efficiency and tenant responsibility. The property will be delivered with 4 vacant units, providing immediate value add potential for an owner investor to place tenants at current market rents. The remaining 2 occupied units are currently on month to month leases, creating additional flexibility for future rental adjustments or renovations.

See more

Multi-Family Active

Price

$ 695,000

Bedrooms

14

Property Type

Multi-Family

Taxes

$ 13,963

Style

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12654319

Features
General
Cooling None
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1902
Tenant Pays Varies by Tenant
Stories Count 3
Township Lake
Tax Year 2024
Gross Income 48000
County Cook
Net Operating Income 16837
Operating Expense 31163
Insurance Expense 2500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions 70TH STREET TO PARNELL SOUTH TO PROPERTY
City Chicago
Number Of Units Total 6
MLS Area CHI - Englewood
Tax Annual Amount 13963
Electric Expense 900
Fuel Expense 0
Trash Expense 3600
Water Sewer Expense 500
Additional Parcels Y/N N
Standard Status Active
See more
Exterior
Lot Dimensions 5325
See more
* Excluded Features
List By
Suite 527 Realty Group, Llc

Broker

sjordan@suite527.com

Email

Affordability Calculator

$5,443
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,279
Monthly Property Taxes
$1,164
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$695,000 Listed Price

Map


See all

7056 S Parnell Avenue, Chicago, IL, 60621 is a Multi-Family Home for sale at $695,000. 7056 S Parnell Avenue has 14 bedrooms, 0.0 baths, and was built in 1902. The property's zip code is 60621 which is in Chicago, IL