7816 S Cornell Avenue, CHICAGO IL 60649 Photo 1 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 2 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 3 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 4 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 5 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 6 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 7 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 8 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 9 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 10 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 11 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 12 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 13 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 14 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 15 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 16 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 17 7816 S Cornell Avenue, CHICAGO IL 60649 Photo 18
Listing Courtesy of Sperry Van Ness

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7816 S Cornell Avenue - **SHORT SALE** 7816 S.Cornell is a 31 Unit multifamily building in Chicago's South Shore neighborhood. This building offers (20) 1 Bedroom 1 Bath & (11) 2 Bedroom 1 Bath units. Various floor plans allow an opportunity to convert most of the one bedrooms into two bedrooms which will increase the over all potential rental income. All of the one bedrooms are four rooms that includes a dining room. One unit was damaged by fire. Tours will be held on February 2nd & 7th; 10-11am. All offers need to be submitted by noon on February 9th.

Listing information

  • MLS® ID: 09281702
  • Status: Active with Contingency
  • New Construction: No
  • Lot Size: 120 X 115
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $13,744
  • Year Built: 1921
  • Parking Type Description: None 0 cars
  • Lot Area: 0.32
  • County: Cook

Features

Approximate Age Older
Backup Info Backup Package
Built Before 1978 (Y/N) Yes
Construction Brick, Concrete
Contingency Flag Short Sale
Exterior Building Type Brick
Foundation Concrete
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Central Bldg Heat
Information 48-Hr Notice Required
Other # Of Units - 31, Approx Total Bldg Sq Ft - 29640, Electricity Expense - 2153, Expense Year - 2015, Fuel Expense - 22454, Gross Rent Multiplier - 3.12, Gross Rental Income $ - 25676, Insurance Expense - 8500, Janitor Expense - 3875, Net Oper Income $ - 10844, Other Expenses - 21578, Repairs-Decor Expense - 16275, Scavenger Expense - 3140, Tax Year - 2015, Total Annual Exp - 102107, Total Annual Income - 210546, Total Monthly Income - 21397, Township - Hyde Park, Water Expense - 16924, Zoning Type - Multi
Ownership Type Individual
Property Type Multi Family 5+
Roof Coverings Rubber
Roof Structure Flat
Tenant Pays Electric, Other
Type Multi-Family Courtyard
Listing Courtesy of Sperry Van Ness