Listing Agency: Jameson Commercial Real Estate

Listed By: Michael Shiff, CCIM · License #IL 475150982

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 1:13PM

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Investment Insights

Based on property information with market context.

This apartment property contains 5 residential units and is located at 2450 W. Cortland St in Chicago, Illinois. The asset is classified as an apartment building and is offered for sale.

Key Highlights

• 5‑unit apartment property
• Located at 2450 W. Cortland St, Chicago, IL 60647

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store HVAC Service Clothing & Fashion Store Butcher Accounting Firm

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

5

Residential units

Location Intelligence

Trade Area within ½ mile

4,256

Businesses Nearby

Explore this area Business Placement

Demographics for 60647, IL

85,631

Population

41,975

Households

2

Avg Household Size

33

Median Age

61%

College-Educated

92%

High-School Grad

4.0 sq mi

ZIP Area

21,408

Density / Sq Mi

$102,851

Median Household Income

$65,776

Median Earnings

$1,714

Median Rent

$557,300

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?

Apartment building - Multi-unit residential asset in Chicago’s 60647 ZIP code.

Where is this apartment building located?

The property is located at 2450 W Cortland St Chicago, IL.

What are key features of this property?

This property features: 5‑unit apartment property; Located at 2450 W. Cortland St, Chicago, IL 60647