Listing provided courtesy of Jameson Sotheby's Intl RealtyMREDas Distributed by MLSGrid- MLS# 12648950MLS Provider

4821 W Cornelia AvenueChicago, IL 60641

Commercial · 13 Beds · 0.12 Acres
$1,050,000 Active

4821 W Cornelia Avenue Overview

Time on Site:
46 days
Visits:
0

Here is your opportunity to purchase a fully updated Courtyard Brick Apartment Building with 4 large units and a 5th non-conforming garden unit. Located on the city's Northwest Side, this Portage Park multi unit investment generates income of $107,894 annually. Rare, L-Shaped All Brick Building on oversized (40ftx133ft). Built in 1921, and freshly updated in 2020, all units feature white shaker cabinets, quartz countertops, new appliances, new paint, refinished floors and subway tiled bathrooms. Ideal for any arm-chair investor, this well-maintained, fully stabilized building is professionally managed for passive income with minimal time or experience required. Centrally located and accessible transportation via Bus/Train and easy access to Kennedy Expressway, nearby Entertainment, Dining & Shopping include Six Corners district, The Patio Theatre and Chicago Park District Portage Park make this area desirable for long-term tenants. Additional revenue can be captured with common laundry room converted to commercial machines + 4 rear exterior parking spaces to lease. Common Area features gated front entry offers residents outdoor seating and grilling, oversized lower level storage units. Central Heat.

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4821 W Cornelia Avenue Facts & Features

  • Type Commercial
  • Lot 0.12 Acres

Details

General

Income/Expenses

  • Other Expense: 4505
  • Electric Expense: 1222
  • Fuel Expense: 6569
  • Gross Income: 107880
  • Insurance Expense: 0
  • Maintenance Expense: 1686
  • Net Operating Income: 71467
  • Operating Expense: 21637
  • Trash Expense: 4610
  • Water Sewer Expense: 1243

Building Information

  • Year Built: 1921

Business Information

  • Current Use: Non Conforming,Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Portage Park
  • Township: Jefferson

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $14,776.71
  • Tax Year: 2024

General Information

  • Parcel Number: 13214050350000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Partially Finished
  • Cooling: Window Unit(s)
  • Fireplaces Total: 2
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Size Dimensions: 133' X 40'

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 5

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 3

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 4
  • Baths Total: 1
  • Units Total: 4

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 5

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

4821 W Cornelia Avenue Neighborhood

Community

60641 (CHICAGO) Demographics

37
Median Age
17,360
Population Density (per sq. mile)
39%
College Educated
$67,599
Estimated Median Income
12,764
Estimated Total Home Owners
11,758
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4821 W Cornelia Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4821 W Cornelia Avenue Market Data

Based on the last 30 days in this zip code

$523,031
Average List Price
$310
Average Price per Square Foot
45
Properties Sold
50
Average Days on Market
75
Properties for Sale
Calculations provided by Reliance Network

4821 W Cornelia Avenue History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Active
6/9/2026Source: MRED Status Change
Re-activated
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Added to Database
May 14, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022