Chicago, IL 60649,7150 S Cornell AVE
Chicago, IL 60649,7150 S Cornell AVE
Chicago, IL 60649,7150 S Cornell AVE
Chicago, IL 60649,7150 S Cornell AVE
Chicago, IL 60649,7150 S Cornell AVE
Chicago, IL 60649,7150 S Cornell AVE
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Ronda Popp

Ronda Popp

+1(630) 675-8471
$ 825,000
Est. payment | /mo
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$ 825,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12479990

Maintenance Fees $6,000

Year Built 1926

Annual Tax Amount $15,000

Tax Year 2023

Lot Dimensions 5,232 SF

Property Sub-Type Multi Family 5+

Property Description

Essex 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.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Quinn Evans of  Essex 312, LLC 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 10

    McDade Elementary Classical School

    Public | KG - 6

  • 9

    Earhart Options for Knowledge Elementary School

    Public | KG - 6

  • 8

    McDowell Elementary School

    Public | KG - 5

  • 7

    Dixon Elementary School

    Public | PK - 8

  • 6

    Turner-Drew Elementary Language Academy

    Public | KG - 8

  • 6

    Murray Elementary Language Academy

    Public | KG - 8

  • 5

    Beasley Elementary Magnet Academic Center

    Public | PK - 8

  • 5

    Pirie Fine Arts and Academic Center Elementary School

    Public | KG - 6

  • 5

    Burnside Elementary Scholastic Academy

    Public | PK - 8

  • 5

    Ray Elementary School

    Public | PK - 8

  • 5

    Shoesmith Elementary School

    Public | KG - 6

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Carnegie Elementary School

    Public | PK - 8

  • 5

    Harte Elementary School

    Public | PK - 8

  • 5

    Hoyne Elementary School

    Public | KG - 6

  • 4

    Black Magnet Elementary School

    Public | KG - 8

  • 4

    Warren Elementary School

    Public | PK - 8

  • 4

    Coles Elementary Language Academy

    Public | KG - 8

  • 3

    Carter Elementary School

    Public | PK - 8

Middle Schools 2
  • 0

    Canter Middle School

    Public | 8 - 8

  • 0

    Camelot Safe Academy School

    Public | 6 - 12

High Schools 18
  • 8

    Kenwood Academy High School

    Public | 9 - 12

  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 6

    Hyde Park Academy High School

    Public | 9 - 12

  • 5

    Williams Medical Preparatory High School

    Public | 9 - 12

  • 3

    Bronzeville Scholastic High School

    Public | 9 - 12

  • 3

    Chicago Vocational Career Academy High School

    Public | 9 - 11

  • 1

    Ace Technical Charter High School

    Public | 9 - 12

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 1

    Epic Academy High School

    Public | 9 - 12

  • 0

    Hunter-Bolden Academy

    Private | 12 - 12

  • 0

    Dyett High School

    Public | 12 - 12

  • 0

    Hales Franciscan High School

    Private | 9 - 12

  • 0

    Little Black Pearl Arts Academy High School

    Public | 9 - 12

  • 0

    Magic Johnson - Roseland High School

    Public | 9 - 12

  • 0

    School of Leadership High School

    Public | 11 - 12

  • 0

    Winnie Mandela High School

    Public | 9 - 12

  • 0

    Bowen High School

    Public | 9 - 12

  • 0

    Camelot Safe Academy High School

    Public | 9 - 12

School and business data provided by Attom Data.
Ronda Popp

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(630) 675-8471

ronda@rondapopp.com

Sugar Grove, IL, 60554, USA

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7150 S Cornell AVE