6816 S Cornell Avenue
Chicago, IL, 60649
$1,200,000
4 Beds
2 Baths
0 SqFt
0.14 Acres
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$1,200,000
6816 S Cornell Avenue
Chicago, IL, 60649
MLS #MRD12700556 image #0MLS #MRD12700556 image #1MLS #MRD12700556 image #2MLS #MRD12700556 image #3MLS #MRD12700556 image #4MLS #MRD12700556 image #5MLS #MRD12700556 image #6MLS #MRD12700556 image #7MLS #MRD12700556 image #8MLS #MRD12700556 image #9MLS #MRD12700556 image #10MLS #MRD12700556 image #11MLS #MRD12700556 image #12
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.

Property Details

Price:
$1,200,000
MLS #:
MRD12700556
Status:
Active
Beds:
4
Baths:
2
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Jul 8, 2026
Year Built:
1916
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$7,800
Net Operating Income
$98,000
Tax Year
2023
Taxes
$8,482
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Jul 16, 2026
933
Commercial Listed
180
Avg DOM
$1,001,371
Avg List Price

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Property Summary

    6816 S Cornell Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $1,200,000 To schedule a showing of MLS#mrd12700556 at 6816 S Cornell Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
6816 S Cornell Avenue
Chicago, IL