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.
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 312-981-5500
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimated Payment
$ 6,507.61 per month $5,450.77 Principal & Interest $706.83 Property Tax $350.00 Homeowner's Insurance
6816 S Cornell Avenue | MLS# 12700556
This multi-family property located at 6816 S Cornell Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $1,200,000. Search Chicago real estate on www.gogambino.com today.