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Listed by Melissa Morganof Flats, LLC
$ 825,000
Est. payment /mo
Active Under Contract
7150-52 S Cornell AVE Chicago, IL 60649
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12589249
Year Built 1926
Annual Tax Amount $15,558
Tax Year 2024
Lot Dimensions 25 X 100
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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