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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 Market127

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: Apr 29 Changed: Sep 2 Last Checked: Sep 1 at 7:37PM

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

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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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
More about this property
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