Listing provided courtesy of Suite 527 Realty Group, LLCMREDas Distributed by MLSGrid- MLS# 12654319
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Request Info7056 S Parnell AvenueChicago, IL 60621
Commercial · 14 Beds$695,000
Active
7056 S Parnell Avenue Overview
- Time on Site:
- 39 days
- Visits:
- 0
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.
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7056 S Parnell Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 900
- Fuel Expense: 0
- Gross Income: 48000
- Insurance Expense: 2500
- Maintenance Expense: 0
- Net Operating Income: 16837
- Operating Expense: 31163
- Trash Expense: 3600
- Water Sewer Expense: 500
Building Information
- Year Built: 1902
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Englewood
- Township: Lake
Rent/Lease Information
- Tenant Pays: Varies by Tenant
Tax Information
- Tax Annual Amount: $13,963.00
- Tax Year: 2024
General Information
- Parcel Number: 20213250190000
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Cooling: None
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 5325
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 6
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 3
- Baths Total: 1
- Units Total: 2
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 2
- Units Total: 2
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 4
- Baths Total: 1
- Units Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 4
- Baths Total: 2
- Units Total: 1
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
7056 S Parnell Avenue Neighborhood
Community
60621 (Chicago) Demographics
37
Median Age
7,171
Population Density (per sq. mile)
16%
College Educated
$23,019
Estimated Median Income
2,506
Estimated Total Home Owners
8,240
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7056 S Parnell Avenue Monthly Cost
7056 S Parnell Avenue Market Data
Based on the last 30 days in this zip code
$192,359
Average List Price
$125
Average Price per Square Foot
3
Properties Sold
86
Average Days on Market
45
Properties for Sale
7056 S Parnell Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/26/2026Source: MRED | Active |
|
| 5/21/2026Source: MRED | May 21, 2026 |
|
| 9/16/2022Source: MRED | Closed |
|
| 7/29/2022Source: MRED | Pending |
|
| 6/20/2022Source: MRED | April 16, 2022 |
|
| 5/9/2022Source: MRED | Contingent |
|
| 4/20/2022Source: MRED | Active |