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6-Unit Brick Apartment Building

7056 S Parnell Avenue, Chicago, IL 60621

For Sale
$695,000

Apartments feature separate living and dining areas, hardwood floors, spacious kitchens, and individually metered utilities.

Property SizeContact for details
Days on Market22

Property Features for 7056 S Parnell Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Site & Location

Neighborhood Englewood

Units

Unit Mix 1 x 4BR/2BA, 2 x 3BR/2BA, 1 x 4BR/1BA, 2 x 3BR/1BA
Multifamily Units 6
Individually Metered Utilities unspecified utilities

Additional Details

Opportunity Zone Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $13,963

Building Details

Year Built 1902
Stories 3
Units 6
Construction brick
Listing Agency: Suite 527 Realty Group, LLC
Listed By: Sherri Jordan
Source: Crossdavidson
Added: Oct 20 Changed: Nov 8 Last Checked: Nov 10 at 11:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Suite 527 Realty Group, LLC

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Investment Insights

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Built in 1902, this six-unit brick apartment property at 7056 S Parnell Avenue includes a mix of three- and four-bedroom layouts. Four apartments have two bathrooms, while two have one bathroom. Each unit has hardwood flooring, distinct living and dining rooms, a spacious kitchen, and separate utilities. Plumbing and electrical systems were updated in 2023. The property is zoned MULTI and lies within an opportunity zone.

The building occupies a corner lot in Chicago’s Englewood neighborhood. Four units are vacant; the other two are occupied under month-to-month leases.

Key Highlights

  • Six brick apartments, built in 1902, on a corner lot
  • Unit mix: one 4‑bedroom/2‑bathroom, two 3‑bedroom/2‑bathroom, one 4‑bedroom/1‑bathroom, and two 3‑bedroom/1‑bathroom apartments
  • Hardwood floors, separate living and dining rooms, and spacious kitchens in each apartment

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

733
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartments feature separate living and dining areas, hardwood floors, spacious kitchens, and individually metered utilities.
Where is this apartment building located?
The property is located at 7056 S Parnell Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Six brick apartments, built in 1902, on a corner lot; Unit mix: one 4‑bedroom/2‑bathroom, two 3‑bedroom/2‑bathroom, one 4‑bedroom/1‑bathroom, and two 3‑bedroom/1‑bathroom apartments; Hardwood floors, separate living and dining rooms, and spacious kitchens in each apartment
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