7056 S Parnell Avenue
Chicago, IL, 60621
$695,000
14 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12654319 image #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.

Property Details

Price:
$695,000
MLS #:
MRD12654319
Status:
Active
Beds:
14
Baths:
6
Type:
Commercial
Neighborhood:
chienglewood
Listed Date:
May 20, 2026
Year Built:
1902
Chi – EnglewoodChienglewood

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Net Operating Income
$16,837
Tax Year
2024
Taxes
$13,963

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 13, 2026
923
Commercial Listed
184
Avg DOM
$994,487
Avg List Price

Property Summary

    7056 S Parnell Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60621. It is listed for $695,000

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