Residential Income Property with Duplex
3644 W Cornelia Avenue Unit 1, Chicago, IL 60618
For Sale
$899,000
Two-level living space includes a garage parking space and a modern kitchen with stainless steel appliances.
Property Size2,700 SF
Price / SF$332.96
Days on Market74
Property Features for 3644 W Cornelia Avenue Unit 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Kale Realty
(312) 939-5253
Listed By:
Jennifer Rodriguez
Source:
Purveyproperties
Added: Aug 27
Changed: Nov 5
Last Checked: Nov 7 at 9:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kale Realty
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,700-square-foot residential property is configured across two levels with four bedrooms and three bathrooms. The main living area has 11-foot ceilings, while the kitchen features stainless steel appliances and quartz countertops. A garage parking space is included.
The property is on W Cornelia Avenue in Chicago’s Avondale neighborhood, with parks, dining, shopping, and public transportation nearby.
The property is on W Cornelia Avenue in Chicago’s Avondale neighborhood, with parks, dining, shopping, and public transportation nearby.
Key Highlights
- 2,700‑square‑foot property with a two‑level duplex layout
- Four bedrooms and three bathrooms
- 11‑foot ceilings in the main living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,112
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,240
$782.2K
Cap Rate 7%
$558,743
$558.7K
Cap Rate 9%
$434,578
$434.6K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$75.5K $27.96/SF
− Vacancy
−$4.4K −$1.62/SF
EGI
$71.1K $26.34/SF
− OpEx
−$32.0K −$11.85/SF
NOI
$39.1K $14.49/SF
Area
ZIP 60618
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,240
Cap Rate 7%
$558,743
Cap Rate 9%
$434,578
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,112 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,578 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,996
Businesses Nearby
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Business Placement
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level living space includes a garage parking space and a modern kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 3644 W Cornelia Avenue Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,700‑square‑foot property with a two‑level duplex layout; Four bedrooms and three bathrooms; 11‑foot ceilings in the main living area
