7644 S Cornell AVE, Chicago, IL 60649
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7644 S Cornell AVE, Chicago, IL 60649
7644 S Cornell AVE, Chicago, IL 60649
7644 S Cornell AVE, Chicago, IL 60649
7644 S Cornell AVE, Chicago, IL 60649
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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


Midwest Real Estate Data (MRED) IDX
Listed by Misael Chacon of  Beycome brokerage realty LLC 

NEARBY SCHOOLS & PROPERTIES

Kelly Mead

Kelly Mead

Real Estate Advisor

+1(773) 320-0605

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7644 S Cornell AVE