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Brick Triplex with Detached Garage
For Sale
$349,000
Pending

7823 S Cornell Ave, Chicago, IL 60649

Three-unit brick apartment property with an unfinished basement and detached garage, offered in as-is condition.

Property SizeContact for details
Days on Market201

Property Features for 7823 S Cornell Ave

General Information

Standard status Pending
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence full renovation

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Building Details

Year Built 1924
Buildings 1
Construction brick
Listing Agency: Coldwell Banker Realty
Listed By: Asya Muhammad · License #475186700
Source: Searchillinoishomesforsale
Added: Mar 31 Changed: Oct 1 Last Checked: Oct 16 at 9:31AM

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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

Located at 7823 S Cornell Ave in Chicago, this brick triplex contains three oversized apartments, each arranged with 3 bedrooms and 1 bathroom. The building dates to 1924 and is being offered in as-is condition, providing a renovation-oriented multifamily asset with an established three-unit layout.

An unfinished basement adds storage space, while the detached brick garage is included with the property. The combination of three residential units, basement area, and separate garage creates a straightforward configuration for an owner-occupant or investor evaluating a renovation project.

Key Highlights

  • Three‑unit multifamily building at 7823 S Cornell Ave, Chicago, IL 60649
  • Each unit includes 3 bedrooms and 1 bathroom
  • Brick construction with 1924 year built

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Cafe & Coffee Shop Skin Care Clinic Building Supply Gym & Fitness Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,051
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Triplex - Three-unit brick apartment property with an unfinished basement and detached garage, offered in as-is condition.
Where is this triplex located?
The property is located at 7823 S Cornell Ave Chicago, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit multifamily building at 7823 S Cornell Ave, Chicago, IL 60649; Each unit includes 3 bedrooms and 1 bathroom; Brick construction with 1924 year built
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