East Lakeview Condo with Lake
For Sale
$186,000
555 W Cornelia Avenue #1706, Chicago, IL 60657
Bright one-bedroom condo in East Lakeview with amenities and views.
Property Size720 SF
Days on Market433
Property Features for 555 W Cornelia Avenue #1706
General Information
Standard status
Active
Size
720 SF
Property subtype
Condominium
Amenities
Radiator(s)
Wall Unit(s)
Deck
Building Details
Building Size
720 SF
Year Built
1961
Listing Agency:
eXp Realty
Listed By:
Javier Andujar
(630) 303-2179
Source:
Kw
Added: Aug 2, 2025
Changed: Sep 26
Last Checked: Oct 7 at 10:43AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located in the heart of East Lakeview, this high-floor condominium features one bedroom and one bathroom. The unit is characterized by wall-to-wall windows in both the living room and bedroom, providing views. The kitchen includes stainless steel appliances and a breakfast bar. Closet space is available throughout the unit. The building offers a range of amenities, including an outdoor pool and sundeck, a common hospitality room, bike room, storage room, laundry room, and on-site maintenance. Leased parking is available for residents on a monthly or annual basis, with hourly or daily options for guests. The association covers heat, AC, water, garbage, snow removal, and lawn care. The property is situated near Lake Michigan, Wrigley Field, a dog park, tennis courts, and a bike path, with convenient access to shopping and dining options.
Key Highlights
- Prime East Lakeview location, steps from Lake Michigan, Wrigley Field, and other amenities.
- High‑floor unit with FANTASTIC VIEWS from wall‑to‑wall windows in living room and bedroom.
- $5,000 remodeling credit offered by the seller.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,037
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,740
$220.7K
Cap Rate 7%
$157,671
$157.7K
Cap Rate 9%
$122,633
$122.6K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$21.2K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.1K $27.87/SF
− OpEx
−$9.0K −$12.54/SF
NOI
$11.0K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,740
Cap Rate 7%
$157,671
Cap Rate 9%
$122,633
Alternative Uses
Best Use
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,037 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.5K
$297.0K – $396.1K
NOI $23,763 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Bright one-bedroom condo in East Lakeview with amenities and views.
Where is this apartment building located?
The property is located at 555 W Cornelia Avenue #1706 Chicago, IL.
What is the asking price?
The asking price for this property is $186,000.
What are key features of this property?
This property features: Prime East Lakeview location, steps from Lake Michigan, Wrigley Field, and other amenities.; High‑floor unit with FANTASTIC VIEWS from wall‑to‑wall windows in living room and bedroom.; $5,000 remodeling credit offered by the seller.
