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Updated Courtyard Apartment Building
For Sale
$1,050,000
Pending

4819 W Cornelia Avenue, Chicago, IL 60641

Brick multifamily property with renovated interiors, central heat, resident outdoor space, storage, laundry potential, and rear parking.

Property SizeContact for details
Lot Size0.12 Acres
Days on Market110

Property Features for 4819 W Cornelia Avenue

General Information

Standard status Pending
Total Parking Spaces 4
Lot size 0.12 Acres
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Gross Income $107,894
Multifamily Units 5

Amenities

gated front entry
outdoor seating
grilling
lower level storage units
common laundry room
central heat

Building Details

Year Built 1921
Year Renovated 2020
Buildings 1
Construction brick
Listing Agency: Jameson Sotheby's Intl Realty
Listed By: Kelly Angelopoulos · License #475161249
Source: Chicago-home-listings.kw
Added: May 14 Changed: Aug 31 Last Checked: Aug 31 at 1:31AM

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 Jameson Sotheby's Intl Realty

Investment Insights

Based on property information with market context.

This courtyard-style brick apartment property contains 4 large units and a 5th non-conforming garden unit within an L-shaped building. Constructed in 1921 and updated in 2020, the apartments feature white shaker cabinetry, quartz countertops, new appliances, fresh paint, refinished floors, and subway-tiled bathrooms. Central heat serves the building, while a gated front entrance provides resident seating and grilling space. Oversized lower-level storage units and a common laundry room add functional support areas.

The property occupies a 40-foot by 133-foot site on the Northwest Side of Chicago in Portage Park. Residents have access to bus and train transportation, with convenient connectivity to the Kennedy Expressway. Six Corners, The Patio Theatre, and Portage Park are among the nearby entertainment, dining, shopping, and recreation destinations. Four rear exterior parking spaces and the common laundry room offer additional leasing and revenue opportunities.

Key Highlights

  • 4 large apartments plus a 5th non‑conforming garden unit
  • 40ftx133ft oversized site with an L‑shaped all‑brick building
  • Built in 1921 and updated in 2020

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Acupuncture (Bike/Boat/Book/etc) Store Hotel & Motel Nursing Home Bed & Breakfast

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,276
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
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 - Brick multifamily property with renovated interiors, central heat, resident outdoor space, storage, laundry potential, and rear parking.
Where is this apartment building located?
The property is located at 4819 W Cornelia Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 4 large apartments plus a 5th non‑conforming garden unit; 40ftx133ft oversized site with an L‑shaped all‑brick building; Built in 1921 and updated in 2020
More about this property
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