2239 W Cornelia Avenue
Chicago, IL 60618

Status: Active
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,850,000
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About this home

Heart of Roscoe Village, 3 blocks from Brown Line, 1 block from Roscoe Street, restaurants, boutiques, & shopping. Great opportunity with 2 buildings on 1 corner lot with 5 apartments divided as follows: main building has 3 units and coach house has 2 units. The coach house was gut-rehabbed in 2021 with brand-new plumbing, electrical, HVAC, siding, walls, windows, designer kitchens, baths, and washer/dryer in each unit. The front building had the basement waterproofed and was remodeled in 2022 with stainless steel appliances, new hot water heater, and beautiful finishes. All tenants are long-term tenants with under-market rents. Potential for easy value add in the kitchens. Furthermore, this property is eligible for the City of Chicago's ADU Pilot Program, thereby enhancing its investment appeal.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25 X 125
Lot Description Corner Lot
Lot Size Less Than .25 Acre
Ownership Condo
Type Unit 2 Flat, 2 Story Unit/s, Coach House
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1914
Exterior Building Type Brick,Frame
Exterior Property Features Deck
Foundation Concrete Perimeter
Parking None
Roof Type Asphalt ,Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Center
Zoning Type MULTI
Corporate Limits Chicago
Directions east/west on Addison to Bell, 1-way south to Cornelia, 1-way west to property.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 9
Full Baths in Building Count 9
Total Rooms 25
Units
unit 1
Beds Total 2
Baths Total 2
Actual Rent 1950
Appliances And Features Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 08/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 2
Actual Rent 2000
Appliances And Features Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 07/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1550
Appliances And Features Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 3
Baths Total 2
Actual Rent 2595
Appliances And Features Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 09/24
Rooms Total 6
Security Deposit 2595
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

Gross Rental Income $9,790
Insurance Expense $3,759
Insurance Expense Source Owner Projection
Net Oper Income $93,667
Rental Income 117480
Investment Profile Residential Income
Water Expense $2,469

Tax/Assessments/Liens

PIN 14193100190000
Special Assessments N
Taxes $17,586
Tax Exemptions None
Tax Year 2022
$1,850,000 Listing Price:
MLS # 12030980
Investment Profile Residential Income
Listing Market Time 16 days
Basement Full
Type Unit 2 Flat, 2 Story Unit/s, Coach House
Number of Units in Building 4
Parking None
List Date 04/18/2024
Year Built 1914
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