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2239 Cornelia Ave Chicago, IL 60618

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For Sale
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4-Unit Building, Prime Location, High ROI

Property Features for 2239 Cornelia Ave

General Information

Property type
Multifamily properties
Class
A
Lot Size
10,890 SF

Building Details

Year Built/Renovated
1914/2022
Units
4

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Listing Contact
Luminita Ispas
Luminita Ispas

Listing Agency: Century 21 S.G.R., Inc. Listing Agent: Luminita Ispas

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional Class A multifamily property, located at 2239 W Cornelia Ave in Chicago's desirable Roscoe Village neighborhood, presents a compelling investment opportunity. The property consists of two buildings situated on a 0.25-acre corner lot. The main building, a meticulously renovated 2-flat with a full basement, boasts updated finishes, including stainless steel appliances and a new hot water heater, completed in 2022. The adjacent coach house, a newly constructed 2-unit building, underwent a complete gut rehabilitation in 2021. This renovation included brand-new plumbing, electrical systems, HVAC, siding, walls, windows, designer kitchens, bathrooms, and in-unit washer/dryers. The property features a total of four units, ten bedrooms, and nine bathrooms, offering significant rental income potential. All current tenants are long-term, with below-market rents, presenting an immediate opportunity to increase profitability. The property's location is unparalleled, just three blocks from the Brown Line and one block from Roscoe Street's vibrant restaurants, boutiques, and shopping. Furthermore, this property is eligible for the City of Chicago's ADU pilot program, adding further investment appeal. Built in 1914, this property offers a blend of historic charm and modern updates, making it an ideal investment for discerning buyers seeking a strong return on investment in a highly sought-after Chicago neighborhood. The property includes no on-site parking.
Property Profile Location Intelligence

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Commercial real estate

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Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6850486
Latitude
41.9448373

FAQs

What type of property is this?
Multifamily property - 4-Unit Building, Prime Location, High ROI
Where is this multifamily property located?
The property is located at 2239 Cornelia Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Multi-family property: 2-4 unit building.; Lot size under 0.25 acres.; Four-unit building.
(773) 392-2906 Call to check price and availability
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