Current Use by Public Records
- Apartment buildings
Property Details for 2239 Cornelia Ave
- Year built
- 1914
- Lot size
- 0.25 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6851
- Latitude
- 41.9448
