Building Details

Year Built 1880

Listing Agency: Teko Realtor LLC

Listed By: Mike Cho · License #471021892 Show Phone

Source: Illianahomesource

Added: Jul 29 Changed: Nov 1 Last Checked: Nov 1 at 6:07AM

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Investment Insights

Based on property information with market context.

This four-unit residential property was built in 1880 and is fully rented. The building has received multiple updates, while the basement offers potential for conversion into a fifth unit, subject to applicable approvals.

Located at 2947 W Cortland Street in Chicago’s Logan Square, the property sits within the Logan Square Historic District and near the 606 trail. Logan Square and Palmer Square amenities are also nearby.

Key Highlights

• Four‑unit building that is fully rented
• Basement has potential for a fifth unit
• Multiple updates completed throughout the building

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,131

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?

Quadplex - Fully rented residential building with multiple updates and basement space that may support an additional unit.

Where is this quadplex located?

The property is located at 2947 W Cortland St Chicago, IL.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Four‑unit building that is fully rented; Basement has potential for a fifth unit; Multiple updates completed throughout the building