Chicago, IL 60621 7056 S Parnell Avenue

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Presented By: Suite 527 Realty Group, LLC
  • MLS# 12654319
  • 05/20/2026
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  • Beds • 14

Home Details

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. 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.
Presented By: Suite 527 Realty Group, LLC

General for 7056 S Parnell Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
Directions70TH STREET TO PARNELL SOUTH TO PROPERTY
Electric Expense900
Fuel Expense
Gross Income48000
Insurance Expense2500
MLS AreaCHI - Englewood
MaintenanceExpense
Net Operating Income16837
Number Of Units Total6
Operating Expense31163
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount13963
Tax Year2024
Tenant PaysVaries by Tenant
TownshipLake
Trash Expense3600
Water Sewer Expense500
Year Built1902
ZoningMULTI

Exterior for 7056 S Parnell Avenue

Lot Dimensions5325

Additional Details

Price History

Client Care

Price $695,000
MLS#12654319
List Date 05/20/2026
Property Type Multi-Family
Phone 847.485.2500
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