2239 Cornelia AveChicago, IL 60618

Property Details for 2239 Cornelia Ave

Year built

1914

Lot size

0.25 AC

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9448

Longitude

-87.6851

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