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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$825,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12589249

Maintenance Fees $3,000

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

Area Chi - South Shore

Interior

Cooling None

Fireplace N

Building

Dwelling Type Multi Family 5+

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Listed by Melissa Morgan of Flats, LLC

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

7150-52 S Cornell AVE Chicago, IL 60649

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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