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Roscoe Village Multifamily Investment Opportunity
For Sale
Contact for pricing
Pending

2239 W Cornelia Ave, Chicago, IL 60618

Two buildings, five apartments, prime location, value-add potential.

Property SizeContact for details
Days on Market824

Property Features for 2239 W Cornelia Ave

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Year Built 1914
Listing Agency: Century 21 S.G.R., Inc.
Listed By: Luminita Ispas · License #IL
Source: Crexi
Added: May 2, 2024 Changed: Jul 6 Last Checked: Aug 3 at 11:57AM

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 Century 21 S.G.R., Inc.

Investment Insights

Based on property information with market context.

Located in the heart of Roscoe Village, this property features two buildings situated on a corner lot. The location is three blocks from the Brown Line and one block from Roscoe Street, with its restaurants, boutiques, and shopping. The property includes a main building with three units and a coach house with two units. The coach house was gut-rehabbed in 2021, including new plumbing, electrical, HVAC, siding, walls, windows, designer kitchens, baths, and a washer/dryer in each unit. The front building's basement was waterproofed and remodeled in 2022, featuring stainless steel appliances, and a new hot water heater. All tenants are long-term tenants. There is potential for value add in the kitchens. The property is eligible for the City of Chicago's ADU Pilot Program.

Key Highlights

  • Prime Roscoe Village location: just 3 blocks from the Brown Line and 1 block from Roscoe Street shops and restaurants.
  • Two buildings on one corner lot, featuring a total of 5 apartments.
  • Coach House fully gut‑rehabbed in 2021**: boasting new plumbing, electrical, HVAC, siding, walls, windows, designer kitchens and baths, and in‑unit washer/dryer.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Butcher Bed & Breakfast Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,295
Businesses Nearby

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

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 - Two buildings, five apartments, prime location, value-add potential.
Where is this apartment building located?
The property is located at 2239 W Cornelia Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime Roscoe Village location: just 3 blocks from the Brown Line and 1 block from Roscoe Street shops and restaurants.; Two buildings on one corner lot, featuring a total of 5 apartments.; Coach House fully gut‑rehabbed in 2021**: boasting new plumbing, electrical, HVAC, siding, walls, windows, designer kitchens and baths, and in‑unit washer/dryer.
(773) 392-2906 Call to check price and availability
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