7056 S Parnell Avenue, Chicago, IL

$695,000

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About 7056 S Parnell Avenue

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.

Features of 7056 S Parnell Avenue

MLS® # 12654319
Price $695,000
Bathrooms 0.00
Year Built 1902
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 7056 S Parnell Avenue
Area CHI - Englewood
City Chicago
County Cook
State IL
Zip Code 60621

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 20
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSuite 527 Realty Group, LLC

Listing Map

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