7056 S Parnell Avenue
Chicago, IL, 60621
$695,000
14 Beds
6 Baths
0 SqFt
0 Acres
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$695,000
7056 S Parnell Avenue
Chicago, IL, 60621
MLS #MRD12654319 image #0MLS #MRD12654319 image #1MLS #MRD12654319 image #2MLS #MRD12654319 image #3MLS #MRD12654319 image #4MLS #MRD12654319 image #5MLS #MRD12654319 image #6MLS #MRD12654319 image #7MLS #MRD12654319 image #8MLS #MRD12654319 image #9MLS #MRD12654319 image #10MLS #MRD12654319 image #11MLS #MRD12654319 image #12MLS #MRD12654319 image #13MLS #MRD12654319 image #14MLS #MRD12654319 image #15
7056 S Parnell Ave presents an excellent opportunity to acquire a solid 6 unit brick investment property on a corner lot in Chicago’s Englewood neighborhood. Located in an opportunity zone, this well maintained building features oversized apartments with highly desirable layouts, including one 4 bedroom/2 bathroom unit, two 3 bedroom/2 bathroom units, one 4 bedroom/1 bathroom unit, and two 3 bedroom/1 bathroom units. Each apartment offers hardwood floors throughout, separate living and dining rooms, spacious kitchens, generous bedroom sizes, and separate utilities for added efficiency and tenant responsibility. The property will be delivered with 4 vacant units, providing immediate value add potential for an owner investor to place tenants at current market rents. The remaining 2 occupied units are currently on month to month leases, creating additional flexibility for future rental adjustments or renovations.

Property Details

Price:
$695,000
MLS #:
MRD12654319
Status:
Active
Beds:
14
Baths:
6
Type:
Commercial
Neighborhood:
chienglewood
Listed Date:
May 20, 2026
Year Built:
1902
Chi – EnglewoodChienglewood

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Net Operating Income
$16,837
Tax Year
2024
Taxes
$13,963
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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 May 24, 2026
909
Commercial Listed
186
Avg DOM
$1,013,678
Avg List Price

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Property Summary

    7056 S Parnell Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60621. It is listed for $695,000 To schedule a showing of MLS#mrd12654319 at 7056 S Parnell Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
7056 S Parnell Avenue
Chicago, IL