6816 S Cornell Avenue Chicago, IL $ 1,200,000
6816 S Cornell Avenue
$ 1,200,000
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6816 S Cornell Avenue

Chicago, IL, 60649
$ 1,200,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 7,577

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Multi-Family Home for sale in Chicago, IL

for $1,200,000 with 4 bedrooms. This home was built in 1916 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 8,482

Style

Lot Size

0.14

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12700556

Features
General
Cooling Window Unit(s)
Zoning COMMR
Construction Materials Brick
Year Built 1916
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township Lake
Tax Year 2023
Gross Income 148000
County Cook
Net Operating Income 98000
Operating Expense 30000
Insurance Expense 4900
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 7800
Status Active
Directions Take stony island to 67th st. east one block to cornell
City Chicago
Number Of Units Total 7
MLS Area CHI - South Shore
Tax Annual Amount 8482.46
Electric Expense 6000
Fuel Expense 4800
Trash Expense 1700
Water Sewer Expense 1000
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Partially Finished Exterior Entry
Total Fireplaces 0
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Exterior
Lot Dimensions 45X125
Lot Size Acres 0.14
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* Excluded Features
List By
Coldwell Banker Realty

Broker

ashly.tucker@cbrealty.com

Email

Affordability Calculator

$8,284
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$707
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/10/2026$1,200,000 Listed Price

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6816 S Cornell Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $1,200,000 with a lot size of 0.14. 6816 S Cornell Avenue has 4 bedrooms, 0.0 baths, and was built in 1916. The property's zip code is 60649 which is in Chicago, IL