Seller's Agent in 2025
Quinn Evans
Essex 312, LLC
(224) 244-3098
2 Total Sales
7150 S Cornell Ave Chicago, IL 60649
South Shore Neighborhood
6
Beds
12
Baths
--
Sq Ft
1925
Built
About This Home
As of December 2016Essex 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.
Last Agent to Sell the Property
Coldwell Banker Realty License #471011151 Listed on: 07/05/2016
Property Details
Home Type
- Multi-Family
Year Built
- 1925
Community Details
- Fuel Expense $6,491
- Insurance Expense $1,893
Listing and Financial Details
- Tenant pays for electric
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | Pending | -- | -- | -- |
| 10/07/2025 10/07/25 | Off Market | $825,000 | -- | -- |
| 09/26/2025 09/26/25 | For Sale | $825,000 | +91.9% | -- |
| 12/22/2016 12/22/16 | Sold | $430,000 | -21.8% | -- |
| 10/11/2016 10/11/16 | Pending | -- | -- | -- |
| 07/05/2016 07/05/16 | For Sale | $550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| 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 | $10,464 | $77,200 | $6,540 | $70,660 |
| 2024 | $10,464 | $77,200 | $6,540 | $70,660 |
| 2023 | $10,165 | $49,422 | $4,709 | $44,713 |
| 2022 | $10,165 | $49,422 | $4,709 | $44,713 |
| 2021 | $9,938 | $49,419 | $4,708 | $44,711 |
| 2020 | $10,036 | $45,051 | $4,708 | $40,343 |
| 2019 | $10,908 | $54,293 | $4,708 | $49,585 |
| 2018 | $10,725 | $54,293 | $4,708 | $49,585 |
| 2017 | $11,105 | $51,588 | $3,924 | $47,664 |
| 2016 | $10,332 | $51,588 | $3,924 | $47,664 |
| 2015 | $9,453 | $51,588 | $3,924 | $47,664 |
| 2014 | $7,965 | $42,929 | $3,924 | $39,005 |
| 2013 | $7,808 | $42,929 | $3,924 | $39,005 |
Source: Public Records
Agents Affiliated with this Home
-
Quinn Evans
-
Moin Haque
Seller's Agent in 2016
Moin Haque
Coldwell Banker Realty
(630) 518-0806
228 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09276742
APN: 20-25-100-026-0000
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