1747 W Cornelia Avenue
Chicago, IL 60657

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $824,500

About this home

OPPORTUNITIES ABOUND WITH THIS BRICK 2 FLAT PLUS SEPARATE COACH HOUSE. BOTH BUILDINGS HAVE HAD SEVERAL RECENT UPDATES. THOSE RECENT UPDATES INCLUDE: THE BASEMENT OF THE MAIN HOUSE WATERPROOFED, COPPER PLUMBING INSTALLED, AND NEW WATER HEATER INSTALLED IN 2023; GAS FURNACE ONLY 2 YEARS OLD; ROOF REPLACED IN 2020; NEWER GAS LINE OUT TO THE COACH HOUSE; AND SEPARATE METERS ALREADY IN PLACE FOR ALL THREE UNITS. INVESTORS CAN FIX THE PROPERTY UP AND CHARGE PREMIUM RENTS. OWNER OCCUPANTS CAN MAKE UPDATES TO THE SPACE, LIVE IN ONE UNIT, AND RENT OUT THE REST. THE MAIN BUILDING COULD ALSO BE CONVERTED INTO A SINGLE FAMILY HOME AND THE COACH HOUSE HELD AS AN INVESTMENT. BOTH UNITS IN THE MAIN HOUSE HAVE 2 BEDROOMS AND 1 BATHROOM AND THE SEPARATE COACH HOUSE IS CONFIGURED AS A LARGE 1 BEDROOM/1 BATH. BOTH STRUCTURES PROVIDE OPPORTUNITIES FOR EXPANSION INTO THE UNFINISHED BASEMENT OF THE MAIN HOUSE OR INTO INTO THE LARGE UNFINISHED ATTIC OF THE COACH HOUSE. MUCH OF THE ORIGINAL DETAILS AND CHARM ARE INTACT FROM THE ORIGINAL COMMON FOYER TILE FLOORING AND ORIGINAL GLASS ENTRYWAY DOOR; TO THE ORIGINAL BUILT-IN HUTCHES IN BOTH DINING ROOMS; EXPOSED WOODWORK AND TRIM THROUGHOUT; PLUS THE BEAUTIFULLY COLUMNED ARCHWAYS SEPARATING THE LIVING ROOMS AND DINING ROOMS. BOTH LIVING ROOMS IN THE FRONT PROPERTY HAVE A LARGE BAY WINDOW OVERLOOKING THE STREET, SPACIOUS DINING ROOMS, PLUS KITCHENS WITH A GOOD-SIZED WALK IN PANTRY. BOTH PANTRIES ABUT EXISTING PLUMBING LINES AND IT COULD BE REPURPOSED AS PRIVATE IN-UNIT LAUNDRY ROOMS. THE WALLS OF THE PANTRIES COULD ALSO BE TAKEN DOWN AND THE EXISTING SQUARE FOOTAGE GIVEN TO THE KITCHENS CREATING A LARGER LIVING SPACE. BATHROOM ON THE MAIN LEVEL HAS ITS ORIGINAL CLAW-FOOT TUB AND PENNY TILE FLOORING. THE UPSTAIR'S BATHROOM HAS ITS ORIGINAL CAST IRON TUB. A THREE-SEASON ENCLOSED PORCH IS NEXT TO THE KITCHENS FOR THE FRONT UNITS. A COMMON BASEMENT IS DRY, UNFINISHED, CURRENTLY HOUSES THE COMMUNAL LAUNDRY, AND HAS DECENT CEILING HEIGHT. THE COACH HOUSE BOASTS A FIRST FLOOR WITH A LARGE LIVING ROOM, SPACIOUS KITCHEN WITH ORIGINAL TILE SURROUND, BEDROOM, BATHROOM, AND THREE-SEASON ENCLOSED PORCH. THERE'S ALSO A BASEMENT WITH A PRIVATE LAUNDRY AREA, AND AN UNFINISHED ATTIC THAT COULD BE BUILT OUT WITH ADDITIONAL BEDROOMS AND/OR BATHROOMS. THIS LAKE VIEW LOCATION IS IDEAL ONLY A SHORT WALK TO BOTH THE PAULINA AND ADDISON BROWN LINE TRAIN STATIONS. MANY CTA BUS LINES CRISS-CROSS THE AREA. NEARBY ROSCOE VILLAGE'S UNIQUE SHOPPING AND DINING ARE JUST A SHORT WALK AWAY. ADDITIONAL SHOPPING AND DINING OPTIONS ARE LESS THAN ONE BLOCK TO THE EAST ALONG N. LINCOLN AVENUE AND THROUGHOUT THE REST OF THE BUSTLING LAKE VIEW COMMUNITY. THIS HOME HAS PRETTY GOOD BONES BUT NEEDS MOSTLY COSMETIC FIXES. WITH SOME DEDICATION AND VISION THIS DIAMOND CAN REALLY SHINE.

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Unfinished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 13
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Refrigerator
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Actual Rent 1200
Appliances And Features None
Lease Expiration Date N/A
Rooms Total 3
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 1
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1896
Exterior Building Type Brick
Foundation Brick/Mortar
Parking None
Roof Type Rubber
MRD Virtual Tour None
Virtual Tour Date 04/01/2024 3:07 pm
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions TAKE LINCOLN AVENUE N/S AND TURN WEST ON TO W CORNELIA. THE PROPERTY WILL BE ON THE SOUTH SIDE OF THE STREET.
Equipment CO Detectors
Elementary Sch Dist 299
Heat/Fuel Radiator(s)
High Sch Lake View High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Deconversion N
Lot Dimensions 25X125
Lot Size Standard Chicago Lot
Other Structures Second Residence
Ownership Fee Simple
Type Unit 2 Flat, Coach House
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 300
Electric Expense Source Broker Projection
Financing Conventional
Insurance Expense $4,200
Insurance Expense Source Broker Projection
Rental Income 50,400
Investment Profile Residential Income
Water Expense $1,500

Tax/Assessments/Liens

PIN 14194130050000
Special Assessments N
Taxes $16,827
Tax Exemptions Homeowner, Senior
Tax Year 2022
$824,500 Listing Price:
MLS # 12015858
Investment Profile Residential Income
Listing Market Time 57 days
Basement Full
Type Unit 2 Flat, Coach House
Number of Units in Building 3
Parking None
List Date 04/01/2024
Year Built 1896
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