6816 S Cornell Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $7,245/month
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $8,482
Year Built
- Built in 1916
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 45x125
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Partially Finished Basement
- Exterior Basement Entry
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for snow removal, trash collection, sewer, water, common area maintenance
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $6,000
- Fuel Expense $4,800
- Insurance Expense $4,900
- Maintenance Expense $7,800
- Trash Expense $1,700
- Water Sewer Expense $1,000
- Operating Expense $30,000
- Gross Income $148,000
- Net Operating Income $98,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,482 | $68,000 | $17,500 | $50,500 |
| 2024 | $8,482 | $50,830 | $17,500 | $33,330 |
| 2023 | $8,110 | $31,266 | $14,063 | $17,203 |
| 2022 | $8,110 | $31,266 | $14,063 | $17,203 |
| 2021 | $8,827 | $34,851 | $14,062 | $20,789 |
| 2020 | $7,843 | $28,491 | $8,437 | $20,054 |
| 2019 | $8,010 | $32,013 | $8,437 | $23,576 |
| 2018 | $9,624 | $39,369 | $8,437 | $30,932 |
| 2017 | $9,614 | $36,436 | $7,500 | $28,936 |
| 2016 | $8,916 | $36,436 | $7,500 | $28,936 |
| 2015 | $8,108 | $36,436 | $7,500 | $28,936 |
| 2014 | $7,467 | $33,365 | $6,250 | $27,115 |
| 2013 | $6,801 | $33,365 | $6,250 | $27,115 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2026 07/08/26 | For Sale | $1,200,000 | +263.6% | -- | |
| 03/14/2016 03/14/16 | Sold | $330,000 | -12.0% | -- | View Prior Sale |
| 01/23/2016 01/23/16 | Pending | -- | -- | -- | |
| 08/13/2015 08/13/15 | For Sale | $375,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | Ctic | |
| Trustee Deed | $302,500 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $245,000 | Commercial | |
| Closed | $245,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12700556
APN: 20-24-308-013-0000
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 6835 S Cornell Ave Unit 2S
- 6934 S Cornell Ave
- 6845 S Ridgeland Ave
- 1509 E 69th Place
- 6840 S Cregier Ave
- 6710 S Ridgeland Ave Unit 2B
- 6706 S Ridgeland Ave Unit 3C
- 6852 S Dante Ave Unit 3E
- 6800 S Dante Ave Unit P13
- 6800 S Dante Ave Unit P14
- 6800 S Dante Ave Unit P15
- 6731 S Cregier Ave
- 6950 S Cregier Ave Unit I
- 6840 S Constance Ave
- 7016 S East End Ave
- 6823 S Dorchester Ave Unit 2
- 1418 E 69th Place
- 1411 E 67th Place Unit 3E
- 1421 E 69th Place
- 1427 E 66th Place
- 6857 S Ridgeland Ave Unit 6857-303
- 6857 S Ridgeland Ave Unit 6857-101
- 6857 S Ridgeland Ave Unit 101
- 1446 E 69th St
- 1446 E 69th Place
- 7011 S East End Ave Unit A
- 1427 E 69th Place Unit 2
- 7010-7018 S Cregier Ave
- 1407 E 69th Place Unit 2
- 6834 S Dorchester Ave Unit 2
- 7037 S East End Ave
- 1439 E 66th Place Unit 3W
- 7123 S Cornell Ave Unit 1
- 7041 S Constance Ave Unit 7047-3B
- 1305 E 69th St Unit 1
- 1305 E 69th St Unit 2
- 6900 S Jeffery Blvd Unit G
- 6751 S Jeffery Blvd
- 6731 S Jeffery Blvd
- 7147 S Constance Ave Unit 2E
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