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Lakeview Mixed-Use Investment Opportunity 1721 W Cornelia Ave 4 Unit Apartment Building $1,775,000 ($443,750/Unit) 5.94% Cap Rate Chicago, IL 60657
Investment Highlights
- Five-unit, 100% leased mixed-use investment property
- Long history of strong occupancy and stable in-place income
- Excellent access to public transportation
- Four (4) 2-bedroom / 1-bathroom apartments and one (1) ground-floor retail unit
- Prominent corner location at the intersection of Lakeview and Roscoe Village
- Surrounded by established retailers, restaurants, and neighborhood amenities in one of Chicago's most sought-after neighborhoods
Executive Summary
Baum Realty Group, LLC has been exclusively retained to market for sale the mixed-use investment property located at 1721 W. Cornelia Avenue in Chicago's highly desirable Lakeview neighborhood.
The property consists of five (5) fully leased units, including four (4) 2-bedroom / 1-bathroom apartments and one (1) ground-floor retail space. Ideally positioned at the intersection of Lakeview and Roscoe Village, the building has maintained a long history of strong occupancy, providing stable in-place cash flow in one of Chicago's most established residential and retail corridors.
Located near neighborhood destinations including Paulina Market and Wrigley Field, the property benefits from exceptional walkability, convenient public transportation, and ongoing investment in the surrounding area. With minimal deferred maintenance and stable in-place income, 1721 W. Cornelia Avenue represents an attractive opportunity for investors seeking a well-located, stabilized asset.
Broker Owned Property
The property consists of five (5) fully leased units, including four (4) 2-bedroom / 1-bathroom apartments and one (1) ground-floor retail space. Ideally positioned at the intersection of Lakeview and Roscoe Village, the building has maintained a long history of strong occupancy, providing stable in-place cash flow in one of Chicago's most established residential and retail corridors.
Located near neighborhood destinations including Paulina Market and Wrigley Field, the property benefits from exceptional walkability, convenient public transportation, and ongoing investment in the surrounding area. With minimal deferred maintenance and stable in-place income, 1721 W. Cornelia Avenue represents an attractive opportunity for investors seeking a well-located, stabilized asset.
Broker Owned Property
Property Facts
| Price | $1,775,000 | Property Subtype | Apartment |
| Price Per Unit | $443,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.94% | Building Size | 6,931 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1908/2012 |
| Zoning | B3-2 - Community Shopping District | ||
| Price | $1,775,000 |
| Price Per Unit | $443,750 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,931 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1908/2012 |
| Zoning | B3-2 - Community Shopping District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14-19-415-001-0000 | Improvements Assessment | $107,512 |
| Land Assessment | $32,488 | Total Assessment | $140,000 |
Property Taxes
Parcel Number
14-19-415-001-0000
Land Assessment
$32,488
Improvements Assessment
$107,512
Total Assessment
$140,000
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Lakeview Mixed-Use Investment Opportunity | 1721 W Cornelia Ave
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