Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,175,000

  • For Sale
  • Active
  • Commercial
  • Updated 8 days ago
See This Home
Save This Home
See This Home
Save This Home
Turnkey 7-Unit Investment Opportunity in South Shore. This solid income-producing asset features a strong unit mix of six spacious three-bedroom, one-bath apartments and one one-bedroom, one-bath unit-offering broad tenant appeal and consistent rental demand. Ideally located less than one mile from the new Obama Presidential Center, South Shore Cultural Center, public transportation, shopping, restaurants, parks, and other neighborhood amenities, the property is well-positioned for long-term occupancy and appreciation. With a convenient location, generous floor plans, and dependable cash flow, this seven-unit building is a standout addition for investors seeking to expand their portfolio or acquire a high-performing asset in one of Chicago's most established communities.

Full Property Details for 6816 S Cornell Ave

General

  • Price: $1,175,000
  • HOA FEE: $2,000
  • Taxes: $17,286 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12776106
  • Updated: 10/23/2026
  • Added to Site: 29 day(s) ago

Location

  • Area: CHI - South Shore
  • County: Cook
  • Township: Lake
  • Driving Directions: Take stony island to 67th st. east one block to cornell

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 3000

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 3
  • Year Built: 1916
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 7
  • Units w/Range/Oven: 7
  • # Dryers: 1

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 45 x 125
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Maint. Fee: $2,000
  • Insurance Fee: $4,283
  • Operating Expenses: $48,838
  • Assessment Year: 1916
  • Tax Amount: $17,286.5
  • Tax Year: 2025
  • Pays Electric: 10000
  • Pays Trash: 3000

Disclosures and Reports

  • Property ID: 20243080130000

Listed by Fulton Grace Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 6816 S Cornell Ave —

  • Fulton Grace Realty

lawrence@fultongrace.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 6816 S Cornell Ave

School District:Chicago Public School District 299
NameGradesDistance
Parkside Elementary Community Academy
6938 South East End Avenue, Chicago, IL 60649
PK-80.2 mi
Hyde Park Academy High School
6220 South Stony Island Avenue, Chicago, IL 60637
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6816 S Cornell Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2026
Price Reduced
$1,175,000
-4.08%
MLS
10/03/2026
Listed
$1,225,000
271.21%
MLS
3/11/2016
Sold
$330,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 6816 S Cornell Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,482
—
$68,000
118%
2023
$8,482
5%
$31,264
—
2022
$8,110
-8%
$31,264
-10%
2021
$8,827
13%
$34,851
22%
2020
$7,843
-2%
$28,491
-11%
2019
$8,010
-17%
$32,013
-19%
2018
$9,624
—
$39,369
8%
2017
$9,614
8%
$36,436
—
2016
$8,916
10%
$36,436
—
2015
$8,108
9%
$36,436
9%
2014
$7,467
10%
$33,365
—
2013
$6,801
—
$33,365
—
2012
$6,802
—
$33,365
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 6816 S Cornell Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Fulton Grace Realty

Similar Properties near 6816 S Cornell Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

7001 S Vernon Ave, Chicago, IL 60637 - Photo 1
$1,075,000

7001 S Vernon Ave  Chicago, IL 60637

  • Commercial
  • Active
342 E 71st St, Chicago, IL 60619 - Photo 1 Price Reduced
-$35,000 (-3.08%)
$1,100,000

342 E 71st St  Chicago, IL 60619

  • Commercial
  • Active
  • Updated 2 days ago
706 E 51st St, Chicago, IL 60615 - Photo 1
$1,100,000

706 E 51st St  Chicago, IL 60615

  • Commercial
  • Active
  • Updated 6 days ago
7002 S Stewart Ave, Chicago, IL 60621 - Photo 1
$1,260,000

7002 S Stewart Ave  Chicago, IL 60621

  • Commercial
  • Active

Just Listed near 6816 S Cornell Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1507 S 51st Ave, Cicero, IL 60804 - Photo 1 Just Listed
$529,900

1507 S 51st Ave  Cicero, IL 60804

  • Multi-Family
  • Active
  • Updated 4 days ago
  • 8
    Total Beds
Listed by Irma Mejia (312) 671-1480
5326 W 31st St, Cicero, IL 60804 - Photo 1 Just Listed
$675,000

5326 W 31st St  Cicero, IL 60804

  • Multi-Family
  • Active
  • Updated 21 hours ago
  • 6
    Total Beds
1226 S 49th Ct, Cicero, IL 60804 - Photo 1 Just Listed
$299,000

1226 S 49th Ct  Cicero, IL 60804

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,608
    Sq. Ft.
3320 S 57th Ct, Cicero, IL 60804 - Photo 1 Just Listed
$319,000

3320 S 57th Ct  Cicero, IL 60804

  • Single Family
  • Active
  • Updated 12 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,400
    Sq. Ft.

Price Reduced near 6816 S Cornell Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

4920 W 24th Pl, Cicero, IL 60804 - Photo 1 Price Reduced
-$14,000 (-4.84%)
$275,000

4920 W 24th Pl  Cicero, IL 60804

  • Multi-Family
  • Active
  • Updated 4 days ago
  • 5
    Total Beds
Listed by Lisa Clemente (708) 268-8641
5640 W Cermak Rd, Cicero, IL 60804 - Photo 1 Price Reduced
-$10,000 (-1.67%)
$589,900

5640 W Cermak Rd  Cicero, IL 60804

  • Commercial
  • Active
  • Updated 2 days ago
  • 7,000
    Sq. Ft.
5043 W 25th St, Cicero, IL 60804 - Photo 1 Price Reduced
-$50,000 (-8.33%)
$549,999

5043 W 25th St  Cicero, IL 60804

  • Commercial
  • Active
  • Updated 5 days ago
257 Washington Blvd, Oak Park, IL 60302 - Photo 1 Price Reduced
-$9,600 (-6.02%)
$149,900

257 Washington Blvd  #7  Oak Park, IL 60302

  • Condo
  • Active
  • Updated 2 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 900
    Sq. Ft.
Listed by Sheila Gentile (708) 220-2174 and Tina Meintanis (708) 205-4460

Recent Sales near 6816 S Cornell Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

7006 S Cregier Ave, Chicago, IL 60649 - Photo 1 Sold
$1,050,000

7006 S Cregier Ave  Chicago, IL 60649

  • Commercial
  • Closed
6123 S Ellis Ave, Chicago, IL 60637 - Photo 1 Sold
$1,075,000

6123 S Ellis Ave  Chicago, IL 60637

  • Single Family
  • Closed
  • 5
    Beds
  • 4
    Total Baths
  • 3,200
    Sq. Ft.
5530 S Kimbark Ave, Chicago, IL 60637 - Photo 1 Sold
$1,242,500

5530 S Kimbark Ave  Chicago, IL 60637

  • Single Family
  • Closed
  • 3
    Beds
  • 4
    Total Baths
  • 3,000
    Sq. Ft.
6037 S Champlain Ave, Chicago, IL 60637 - Photo 1 Sold
$1,095,000

6037 S Champlain Ave  Chicago, IL 60637

  • Commercial
  • Closed
  • 7,548
    Sq. Ft.

6816 S Cornell Avenue, Chicago, IL 60649 (MLS# 12776106) is a Commercial property. 6816 S Cornell Avenue is currently listed for $1,175,000 and was received on October 03, 2026. Want to learn more about 6816 S Cornell Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

Tour this property