Listing provided courtesy of Flats, LLCMREDas Distributed by MLSGrid- MLS# 12589249
Images
Request Info7150-52 S Cornell AvenueChicago, IL 60649
Commercial · 2 Beds$825,000
Active
7150-52 S Cornell Avenue Overview
- Time on Site:
- 111 days
- Visits:
- 1
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.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
7150-52 S Cornell Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 3000
- Electric Expense: 600
- Fuel Expense: 4725
- Gross Income: 126840
- Insurance Expense: 8361
- Maintenance Expense: 3000
- Net Operating Income: 61515
- Operating Expense: 40888
- Trash Expense: 6397
- Water Sewer Expense: 5907
Building Information
- Year Built: 1926
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - South Shore
Rent/Lease Information
- Tenant Pays: Electricity, Heat
Tax Information
- Tax Annual Amount: $15,558.00
- Tax Year: 2024
General Information
- Parcel Number: 20251000260000
- Property Type: Commercial Sale
Interior
General Information
- Cooling: None
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 25 X 100
General Information
- Number Of Units Total: 12
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 1
- Baths Total: 1
- Units Total: 6
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 1
- Baths Total: 1
- Units Total: 6
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
7150-52 S Cornell Avenue Neighborhood
Community
60649 (Chicago) Demographics
38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7150-52 S Cornell Avenue Monthly Cost
7150-52 S Cornell Avenue Market Data
Based on the last 30 days in this zip code
$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
7150-52 S Cornell Avenue History
| Date | Value | Agent |
|---|---|---|
| 3/16/2026Source: MRED | Active |
|
| 3/11/2026Source: MRED | March 11, 2026 |