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34450887

1721 W. Cornelia Avenue, Chicago, IL 60657 For Sale

DR
IL IL 475.151752
Baum Realty Group
Listed by Baum Realty Group
$1,775,000
0 days on market
Updated 0 days ago

1721 W Cornelia Ave

Details
APN 14-19-415-001-0000
Property Type Mixed Use
Square Footage 6,931
Units 5
Cap Rate 5.94%
NOI $105,431
Occupancy 100%
Tenancy Multi
Class B
Year Built 1920
Buildings 1
Stories 3
Lot Size (SqFt) 2,096
Zoning B3-2 Community Shopping District
Investment Type Stabilized

Lakeview Mixed-Use Investment Opportunity | 6,931 SqFt

Marketing description

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.

Investment highlights

  • Five-unit, 100% leased mixed-use investment property
  • Four (4) 2-bedroom / 1-bathroom apartments and one (1) ground-floor retail unit
  • Long history of strong occupancy and stable in-place income
  • Prominent corner location at the intersection of Lakeview and Roscoe Village, offering strong retail visibility and abundant natural light in the residential units
  • Excellent access to public transportation, including the Paulina CTA station, nearby bus routes, and Divvy bike stations
  • Surrounded by established retailers, restaurants, and neighborhood amenities in one of Chicago's most sought-after neighborhoods

Listing Contacts

DR
IL IL 475.151752
Baum Realty Group
Listed by Baum Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,431.00
$8,785.92/mo

Valuation Metrics

0
DSCR
5.94%
Cap Rate
5.94%
ROI

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Additional Information

Name
Doug Renner
License
IL 475.151752
Brokerage
Doug Renner
Brokerage Phone
312-275-3137
Title
Managing Director
Brokerage Address
1030 West Chicago Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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