1721 W Cornelia Ave

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Quintessential turnkey mixed use building, perfect for owner operators and investors alike. Gut rehabbed 5 years ago and finished to fine condo standards, this corner brick building has four 2-bedroom units and one large commercial unit with corner entry and full basement (see floor plans). It is in a central Lakeview location, minutes from the Southport corridor and around the corner from the Paulina el station, commanding maximum rental income. Apartments rent quickly with very little vacancy....Quintessential turnkey mixed use building, perfect for owner operators and investors alike. Gut rehabbed 5 years ago and finished to fine condo standards, this corner brick building has four 2-bedroom units and one large commercial unit with corner entry and full basement (see floor plans). It is in a central Lakeview location, minutes from the Southport corridor and around the corner from the Paulina el station, commanding maximum rental income. Apartments rent quickly with very little vacancy. Retail tenant is a long-term tenant with lease expiring July of next year.

Listing Agents

  1. James D'Astice

    James D'Astice

    Alternative Listing Agent

    Compass

    james.dastice@compass.com

    P: (773)-425-0706

  2. Listed by Robert • @properties
    P: (773)-502-1244 rsafranski@msn.com

Sold By NON MEMBER

Property Details for 1721 West Cornelia Avenue

Area
CHI - Lake View
Township
LAKE VIEW
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 12/27/2017 10:36 AM

Property Details for 1721 West Cornelia Avenue

StatusClosed
MLS #09665769
Days on Market128
Taxes$28,916 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1908
Lot Size0.05 AC / 2,096 SF
CountyCook County
Add your commute

Building Information for 1721 West Cornelia Avenue

Stories3Residences5Year Built1908Lot Size0.05 AC / 2,096 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$9,964 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,554

Property Taxes

$2,410

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1721 West Cornelia Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago North
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Flooring: Carpet, Wood
  • # Of Washers: 4
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 4
  • Misc Inside: Basement
  • # Of Dryers: 4
  • # Of Dishwashers: 4
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 70X52X52X23
  • Lot Size Square Feet: 2096.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Building Area Total: 6931
  • # Of Offices: 0
  • # Of Ranges: 4
  • # Of Stores: 1
  • MRD_UNC: No
Property and Assessments
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 06-21-2017
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $402.00
  • Fuel Expense: $.00
  • Gross Income: $14,035.00
  • Gross Scheduled Income: $140,354.00
  • Insurance Expense: $4,047.00
  • Expense Year: 2016
  • Total Annual Expense Source: Actual
  • Total Monthly Income: 11696
  • Net Operating Income: $10,725.00
  • Operating Expense: $33,096.00
  • Other Expense: $1,200.00
  • Trash Expense: $.00
  • Water Sewer Expense: $937.00

Property History for 1721 West Cornelia Avenue

DateEvent & SourcePriceAppreciation
Dec 31, 2022

Expired

MRED #11628151

$1,695,000
Sep 13, 2022

Listed (Active)

MRED #11628151

$1,695,000
Dec 21, 2017

Sold (Public Record)

Public Record #612897841

$1,550,000

+1.7% / yr

Dec 21, 2017

Sold

MRED #09665769

$1,550,000
Oct 25, 2017

Pending

MRED #09665769

Jun 20, 2017

Listed (Active)

MRED #09665769

$1,649,000
Dec 31, 2014

Expired

MRED #08694333

$1,499,000
Oct 7, 2014

Sold (Public Record)

Public Record #456384097

$1,470,000
Aug 6, 2014

Listed (Active)

MRED #08694333

$1,499,000
Jun 20, 2013

Sold

MRED #08263867

$682,500
Mar 21, 2013

Pending

MRED #08263867

Feb 5, 2013

Listed (Active)

MRED #08263867

$889,888
Aug 31, 2012

Cancelled

MRED #07993553

$889,900
Feb 9, 2012

Listed (Active)

MRED #07993553

$1,099,000
Dec 22, 2011

Cancelled

MRED #07801016

$1,150,000
May 7, 2011

Listed (Active)

MRED #07801016

$1,150,000
DateEvent & SourcePrice
12/31/2022

Expired

MRED #11628151

$1,695,000
09/13/2022

Listed (Active)

MRED #11628151

$1,695,000
12/21/2017

Sold (Public Record)

Public Record #612897841

$1,550,000

+1.7% / yr

12/21/2017

Sold

MRED #09665769

$1,550,000
10/25/2017

Pending

MRED #09665769

06/20/2017

Listed (Active)

MRED #09665769

$1,649,000
12/31/2014

Expired

MRED #08694333

$1,499,000
10/07/2014

Sold (Public Record)

Public Record #456384097

$1,470,000
08/06/2014

Listed (Active)

MRED #08694333

$1,499,000
06/20/2013

Sold

MRED #08263867

$682,500
03/21/2013

Pending

MRED #08263867

02/05/2013

Listed (Active)

MRED #08263867

$889,888
08/31/2012

Cancelled

MRED #07993553

$889,900
02/09/2012

Listed (Active)

MRED #07993553

$1,099,000
12/22/2011

Cancelled

MRED #07801016

$1,150,000
05/07/2011

Listed (Active)

MRED #07801016

$1,150,000

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

Public Records for 1721 West Cornelia Avenue

Taxable ValueLand$26,200Additions$94,800Total$121,000
Tax Record2023$26,260 ($2,188 / month)
Home Facts
Baths4Total Finished SqFt6,931 SqFtAbove Grade Finished SqFt6,931 SqFtStories3Lot Size2,096 SqFtStyleMulti-Family Res (5+ Units)Year Built1912CountyCOOKAPN14-19-415-001

Schools near 1721 West Cornelia Avenue

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

Lake View High School
Public9 to 12

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.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass; @properties

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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/27/2017 10:36 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.