7150 S Cornell Avenue
Chicago, IL, 60649
$825,000
2 Beds
2 Baths
0 SqFt
0 Acres
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$825,000
7150 S Cornell Avenue
Chicago, IL, 60649
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Essex has been exclusively engaged to market for sale a 12-unit multifamily building at 7150 S Cornell Ave. Located in the heart of South Shore, the property is a well maintained courtyard building that showcases true pride of ownership since acquiring. The property features six spacious studio apartments and six large one bedroom units, providing a strong unit mix for both stability and rent growth. 7150 S Cornell has benefited from significant recent improvements including but not limited to, a complete tear-off roof completed in 2022, the installation of a new 100-gallon hot water tank in 2022, and an upgraded 600-amp electrical service, all of which provide long-term durability and reduced capital expenditures. Each unit is equipped with gas-forced heating. Looking forward, there is additional upside for a new owner to add laundry facilities, storage units, and the potential to add two garden units, which would enhance both the property’s income and its overall value. With its strong existing operations, and clear value-add opportunities, this presents an excellent investment opportunity in one of Chicago’s most historic and accessible lakefront communities.

Property Details

Price:
$825,000
MLS #:
MRD12479990
Status:
Active
Beds:
2
Baths:
2
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Sep 26, 2025
Year Built:
1926
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$6,000
Net Operating Income
$61,744
Tax Year
2023
Taxes
$15,000
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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 Oct 06, 2025
1,113
Commercial Listed
162
Avg DOM
155
Avg $ / SqFt
$1,033,409
Avg List Price

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Property Summary

    7150 S Cornell Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $825,000 To schedule a showing of MLS#mrd12479990 at 7150 S Cornell Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7150 S Cornell Avenue
Chicago, IL