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6816 S Cornell Avenue Chicago, IL $ 1,225,000
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$ 1,225,000 Get more info
6816 S Cornell Avenue
$ 1,225,000
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6816 S Cornell Avenue

Chicago, IL, 60649
$ 1,225,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 7,735

6816 S Cornell Avenue, Chicago, IL 60649 - Image 1
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6816 S Cornell Avenue, Chicago, IL 60649 - Image 9
6816 S Cornell Avenue, Chicago, IL 60649 - Image 10

Multi-Family Home for sale in Chicago, IL

for $1,225,000 with 4 bedrooms. This home was built in 1916 on a lot size of 0.14.

Turnkey 7-Unit Investment Opportunity in South Shore. This solid income-producing asset features a strong unit mix of six spacious three-bedroom, one-bath apartments and one one-bedroom, one-bath unit-offering broad tenant appeal and consistent rental demand. Ideally located less than one mile from the new Obama Presidential Center, South Shore Cultural Center, public transportation, shopping, restaurants, parks, and other neighborhood amenities, the property is well-positioned for long-term occupancy and appreciation. With a convenient location, generous floor plans, and dependable cash flow, this seven-unit building is a standout addition for investors seeking to expand their portfolio or acquire a high-performing asset in one of Chicago's most established communities.

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 17,286

Style

Lot Size

0.14

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12776106
Features
General
Cooling Window Unit(s)
Zoning COMMR
Construction Materials Brick
Year Built 1916
Stories Count 3
Township Lake
Tax Year 2025
Gross Income 147900
County Cook
Net Operating Income 99062
Operating Expense 48838
Insurance Expense 4283
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2000
Status New
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 17286.5
Electric Expense 10000
Fuel Expense 5000
Trash Expense 3000
Water Sewer Expense 3000
Additional Parcels Y/N N
Standard Status Active
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Interior
Total Fireplaces 0
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Exterior
Lot Dimensions 45X125
Lot Size Acres 0.14
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* Excluded Features
List By
Fulton Grace Realty

Broker

lawrence@fultongrace.com

Email

Affordability Calculator

$9,175
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,735
Monthly Property Taxes
$1,441
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/3/2026$1,225,000 Listed Price

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6816 S Cornell Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $1,225,000 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

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