Turnkey 7-Unit Investment Opportunity in South Shore. This solid income-producing asset features a strong unit mix of six spacious three-bedroom, one-bath apartments and one one-bedroom, one-bath unit-offering broad tenant appeal and consistent rental demand. Ideally located less than one mile from the new Obama Presidential Center, South Shore Cultural Center, public transportation, shopping, restaurants, parks, and other neighborhood amenities, the property is well-positioned for long-term occupancy and appreciation. With a convenient location, generous floor plans, and dependable cash flow, this seven-unit building is a standout addition for investors seeking to expand their portfolio or acquire a high-performing asset in one of Chicago's most established communities.

Based on information submitted to MRED as of October 3, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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More Info

Basic Information

List Price$1,225,000
MLS Number12776106
Mls Status Active
Property TypeCommercial Sale

Building

Stories3
Units7
Year Built1916

Property Information

Acreage0.14
Construction Materials ["Brick"]
Lot Size Dimensions 45X125

Tax Information

Tax Annual Amount $17,287
Tax Year 2025

Basic Information

Property SubTypeMulti Family 5+

Property

ZoningCOMMR

Utilities

Heat VentilationForced Air, Gas
Cooling Window Unit(s)
Trash Expense $3,000
Water Sewer Expense $3,000

Other

Total Monthly Income$12,325
Date Listed10/03/2026
Gross Income $147,900
Gross Scheduled Income $147,900
Net Operating Income $99,062

Parking

Indoor Parking1-5 Spaces
Outdoor Parking1-5 Spaces
Parking Spaces

Location

AreaSouth Shore
Building Number6816
CountyCook
StateIL
StreetSouth Cornell Avenue
TownChicago
Township Lake
Zip60649

Amenities

Num Of Dryers1

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Amo Chicago Condos