7845 South Cornell Avenue

7845 S Cornell Ave Chicago, IL 60649

$395,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Looking for a great investment? Look no more. This turnkey 6 Unit Building is just the deal you've been waiting for. It features 3 - 2 bedroom units. And 3 - 1 bedroom units. Does have violations on it which the document is attached. Each unit is spacious and has hardwood floors throughout, mildly updated kitchen and bathrooms. Property is being sold AS-IS. Currently, two of the 1 bedroom units are vacant. This property will not last long. Schedule your private showing today!

Property Details for 7845 South Cornell Avenue

Status
Contingent
Area
CHI - South Shore
Township
Hyde Park

Location

Listing Courtesy of Serene Realty, Inc.

Property Details for 7845 South Cornell Avenue

StatusContingent
MLS #10912746
Days on Market126
Taxes$3,895.47 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1928
Lot Size-
CountyCook County

Listing Agent

Elijah Reese

Elijah Reese

Serene Realty, Inc.

elijah@serenerealtyinc.com

P: (312) 848-2947

M: (312) 848-2947

Contact Agent(s)

Building Information for 7845 South Cornell Avenue

Stories-Residences-Year Built1928Building Size-Lot Size-

Payment Calculator

$1,648 per month

30 year fixed, 2.95% Interest

Principal and Interest

$1,324

Property Taxes

$325

HOA Dues

$0

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Property Information for 7845 South Cornell Avenue

General Information
    Addtl Parking Information
  • Indoor Parking: Detached
Property Information
    Property/Lot Information
  • Tenant Pays: Electric, Heat
  • Year Built: 1928
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Property Type: Multi Family 5+
  • Multi-Family Type: Flats
  • Lot Dimensions: 5400
  • Zoning Type: MULTI
  • Num Of Units: 6
  • Construction: Brick, Concrete
    Virtual Tour/Additional Media
  • Virtual Tour YN: false
Room Information
    Basement Information
  • Basement Description: Unfinished
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 3
  • Num Of Rooms: 15
  • Num Of Units: 3
  • Monthly Income: 800
  • Monthly Income Max: $800
    Unit 2 Information
  • Num Of Bdrms: 6
  • Num Of Full Bthrms: 3
  • Num Of Rooms: 18
  • Num Of Units: 3
  • Monthly Income: 750
  • Monthly Income Max: $800
    Unit 3 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
Multi-Unit 5+ Information
    Building Features
  • Electrical Service: Circuit Breakers
  • Heat Ventilation: Radiators, Radiant
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Electricity Expense: 5909
  • Fuel Expense: 5909
  • Gross Rent Multiplier: 8
  • Gross Rental Income: 56880
  • Net Operating Income: 0
  • Other Expenses: 0
  • Repairs Decor Expense: 0
  • Scavenger Expense: 3334
  • Total Annual Expenses: 0
  • Total Annual Income: 56880
  • Total Monthly Income: 4740
  • Water Expense: 5909

Property History for 7845 S Cornell Ave

DateEvent & SourcePriceAppreciation
Feb 22, 2021

Contingent

MRED #10912746

Nov 20, 2020

Price Change

MRED #10912746

$395,000
Oct 21, 2020

Listed (Active)

MRED #10912746

$450,000
DateEvent & SourcePrice
02/22/2021

Contingent

MRED #10912746

11/20/2020

Price Change

MRED #10912746

$395,000
10/21/2020

Listed (Active)

MRED #10912746

$450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7845 South Cornell Avenue


SchoolTypeGradesDistanceRating
Faulkner SchoolPrivatePK-60.2 mi
NR
St Paul Lutheran SchoolPrivatePK-80.4 mi
NR
WINNIE MANDELA HIGH SCHOOLPublic9-120.5 mi
NR
Sullivan House High SchoolPrivate9-120.5 mi
NR

Faulkner School

PK-6, 0.2 mi, Private

NR

St Paul Lutheran School

PK-8, 0.4 mi, Private

NR

WINNIE MANDELA HIGH SCHOOL

9-12, 0.5 mi, Public

NR

Sullivan House High School

9-12, 0.5 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Serene Realty, Inc.

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