1201 West Cornelia Avenue

Chicago, IL 60657

$1,295,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

AMAZING OPPORTUNITY - AIRBNB POTENTIAL! Lake View/Wrigleyville 4 unit brick building! 100% turnkey investment property ready to accept vacation rentals or yearly leases for the 2024 season. All units rented, providing a steady income stream for investors. The units are updated, while still retaining vintage elements that add charm and appeal. Improvements include newer roof, tuckpointing, electric, plumbing, water tanks, HVAC and windows, making this a turnkey investment opportunity. The kitchens...AMAZING OPPORTUNITY - AIRBNB POTENTIAL! Lake View/Wrigleyville 4 unit brick building! 100% turnkey investment property ready to accept vacation rentals or yearly leases for the 2024 season. All units rented, providing a steady income stream for investors. The units are updated, while still retaining vintage elements that add charm and appeal. Improvements include newer roof, tuckpointing, electric, plumbing, water tanks, HVAC and windows, making this a turnkey investment opportunity. The kitchens showcase eat in island with wood cabinetry. Enclosed porches add additional usable space to the units. Windows throughout ensures plenty of natural light fills the space, creating a warm and inviting atmosphere. Hardwood floors add character and uniqueness to each unit. There's ample storage available in the common areas. Outside, the exterior parking brings in additional income. This property is versatile and can be an excellent investment opportunity, a multi-family living arrangement, or a chance for an owner to live in one unit while renting out the others. The location is unbeatable, with public transportation just minutes away and quick access Lake Shore Dr, trains (brown, red & purple line stations) and expressways. You'll be in a neighborhood that offers a multitude of conveniences, restaurants & shops, all just a few steps away. It's a sought-after area for both residents and investors alike. You won't be disappointed!

Listing Agent

  1. Rose Alvarez

    Rose Alvarez

    Listing Agent

    Compass

Property Details for 1201 West Cornelia Avenue

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 04/10/2024 12:07 AM

Property Details for 1201 West Cornelia Avenue

StatusActive
MLS #12011862
Days on Market43
Taxes$24,332 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1910
Lot Size0.09 AC / 3,750 SF
CountyCook County

Location

Add your commute

Building Information for 1201 West Cornelia Avenue

Stories-Residences4Year Built1910Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$9,095 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,067

Property Taxes

$2,028

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1201 West Cornelia Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Hamilton Elementary School
  • Jr High Middle School: Hamilton Elementary School
  • High School District: 299
  • High School: Lake View High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley
  • Parking On Site: true
  • Open Parking Spaces: 2.0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms (Below Grade): 0
  • Community Features: Gated, Street Lights
  • Basement Type: Full
  • Bedrooms Possible: 6
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 30 X 125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 3500
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1201
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-03-28T20:09:51
  • Photos Count: 74
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $300.00
  • Fuel Expense: $1,450.00
  • Insurance Expense: $4,000.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Trash Expense: $.00
  • Water Sewer Expense: $1,400.00
Unit 1
  • Unit Type Actual Rent: $1,825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/24
Unit 2
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/24
Unit 3
  • Unit Type Actual Rent: $1,375.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/24
Unit 4
  • Unit Type Actual Rent: $1,465.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 02/24

Property History for 1201 West Cornelia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1201 West Cornelia Avenue

Taxable ValueLand$56,700Additions$64,300Total$121,000
Tax Record2022$24,888 ($2,074 / month)
Home Facts
Baths4Total Finished SqFt4,350 SqFtAbove Grade Finished SqFt4,350 SqFtStories2Lot Size3,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1914CountyCOOKAPN14-20-314-020

Schools near 1201 West Cornelia Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Hamilton Elementary School
PublicPK to 8

Lake View High School
Public9 to 12

Inter-American Elementary Magnet School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1201 West Cornelia Avenue is a multi-family home for sale in Chicago, IL 60657. This property was listed for sale on March 23, 2024 by Compass, it's currently listed at $1,295,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Hamilton Elementary School, Lake View High School and Hawthorne Elementary Scholastic Academy. 1201 West Cornelia Avenue is a 6-bed, 4-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.