Closed

$330,000

Favorite

6816 S Cornell Avenue

CHICAGO, Illinois 60649

Closed / MLS #9010984 / Multiple Family / South Shore

Listing information updated 3/20/2016 at 1:09am

ANY REASONABLE OFFERS ACCEPTED!!!! Great Jackson Park 6 Flat with Garage. Huge 3 Bed/1 Bath units with brand new individual Forced Air and new Water Tanks. First Winter with the furnaces in place. Onsite laundry, no violations, new Tenants with leases. 2 Freshly remodeled units. Building has huge upside with minor unit work needed and completing the finishing touches. Currently 6 units occupied. Current income is at $5,450 and average rents are $900. Expenses reflect old Boiler System. Market rent is $1200. Building could be a great condo conversion and rents can be maximized with some renos. Price is ver reflective of the condition and Seller will not give the building away. Purchased a year ago for 302K and Seller has put in the furnaces and new water heater so the price point is spot on. Recent sales in the area for similar buildings are between the 500K-600K price range and this building could be the same with some unit renovations.

Full Features

Exterior Type:

Brick

Basement:

Partially Finished,Exterior Access

Square Feet:

N/A

Acreage:

.14

Built:

1914

Cooling System:

Window Unit/s

Stories:

Zoning:

COMMR

Current Net Income:

$42,106

Unit 1:

7 room(s) / 3 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$7,467

Tax Year:

N/A

Location

Zip Code:

60649

City:

Chicago

County:

Cook

Listing Office: Anton LLC

Listing Office Phone: 219.226.9450

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/20/2016 at 1:09am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Learn More

Metra

Metra Electric Main Branch line at 63rd St Metra

Metra

Metra Electric South Chicago Branch line at Stony Island Metra

Metra

South Shore line at 63rd Street

$178,892

Average Sale Price

Average Days On The Market

93%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in South Shore, IL

Recently Sold Homes in South Shore, IL

Popular Neighborhoods near South Shore, IL

6816 S Cornell Avenue is a multiple family which sold for $330,000. This multiple family has been listed on @properties since August 13th, 2015 and was built in 1914. The nearest transit stops include Stony Island Metra Metra Metra Electric South Chicago Branch line.