7056 S Parnell Avenue,Chicago, IL 60621
Chicago, IL 60621
Description
7056 S Parnell Ave presents an excellent opportunity to acquire a solid 6 unit brick investment property on a corner lot in Chicago's Englewood neighborhood. Located in an opportunity zone, this well maintained building features oversized apartments with highly desirable layouts, including one 4 bedroom/2 bathroom unit, two 3 bedroom/2 bathroom units, one 4 bedroom/1 bathroom unit, and two 3 bedroom/1 bathroom units. Each apartment offers hardwood floors throughout, separate living and dining rooms, spacious kitchens, generous bedroom sizes, and separate utilities for added efficiency and tenant responsibility. Plumbing and Electrical updated in 2023. The property will be delivered with 4 vacant units, providing immediate value add potential for an owner investor to place tenants at current market rents. The remaining 2 occupied units are currently on month to month leases, creating additional flexibility for future rental adjustments or renovations.
Details
| MLS # | 12654319 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 113 |
| Listing Provided By | Suite 527 Realty Group, LLC | Sherri Jordan |
Features
| Story(s) | 3 |
|---|---|
| Units | 6 |
| Zoning | MULTI |
| Acreage | 5325.00 |
Interior
| Cooling | None |
|---|
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 13963 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $695,000 low | high Med: $110,000 On site: 113 low | high Med: 23 | |
Market Activity 60621
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $695,000 low | high Med: $110,000 On site: 113 low | high Med: 23 | |
