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$ 456,500
Est. payment /mo
New
7644 S Cornell AVE Chicago, IL 60649
6 Beds
3 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12620545
Bedrooms 6
Year Built 1922
Annual Tax Amount $4,235
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 25x100
Property Sub-Type Two to Four Units
Property Description
This is an updated multi-unit property on South Cornell Ave in Chicago. The remodel was done two years ago. The property has new mechanicals (Electric-Plumbing-Furnaces-bathrooms-floors-kitchens) The units are two-bedroom and one bath each with in unit laundry. There are hardwood floors throughout (even the garden unit). Porcelain and ceramic tile cover the bathrooms and kitchen floors. Lots of windows and the kitchen and dining area has been opened up for a continuous flow. The stoves-refrigerators-microwaves are one year old. Living Room area has adequate space for a couch-love seat-multiple chairs, etc. Power Outlets are on the wall areas for the hanging of televisions. the property is a very nice multi-unit building. this was not a hurry up/fix and flip project that you have been seeing throughout the communities. Ample money and time have been put into this renovation. Noting has been hidden. No surprises that you find months later after the deal is closed. Brick two-car garage as well. There are several options for the next potential buyer. You can rent the two-units and live in the garden unit. Garden unit is probably the best of the units. Or you can rent the top unit as a two-bedroom rental and rent the first-floor unit as a duplex offering four bedrooms-two bathrooms. Currently, I have tenants in the first and second floor units with the garden unit vacant and awaiting the new owner. Currently, these rentals are generating ($3055) in monthly rental income. Roof has six additional years of life remaining. Back Porch and windows were not replaced; however, there are no major repairs needed. I would say that $13,500.00 in repairs may be needed. Property is being sold as is. Property is close to transportation-hospitals-grocery stores-. Obama center is seven blocks away. Don't miss this opportunity. Great block-great neighbors.
Location
State IL
County Cook
Area Chi - South Shore
Rooms
Basement Finished, Full
Interior
Heating Steam
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard

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Listed by Misael Chacon of Beycome brokerage realty LLC
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