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$1,160,000
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Property Description
This Oversized 5-Unit Brick Multi-Family on Cornelia is an excellent, turnkey, income generating property(current monthly rental income is $9225). This impressive multi-family has spacious units and thoughtful/timeless updates throughout. The property features four spacious two-bedroom units as well as a well-appointed 3-bedroom, 2-bath duplex that was renovated by the seller for personal use. Additional highlights include a large attic offering future growth potential and abundant storage space. There is also individual storage units for each tenant in the rear basement. The property is situated in a prime location with easy access to public transportation, offering convenient routes to both the Loop and O'Hare Airport. Nestled on a quiet street directly across from a newer townhome development, this property enjoys the benefits of a peaceful setting with the promise of continued neighborhood growth. The building also boasts a newer back steel stairwell, adding to its modern upgrades. This is a fantastic turnkey investment opportunity in a thriving and convenient location-perfect for an armchair investor looking to add a well-maintained, income-producing property to their portfolio.
Full Property Details
Full Property Details for 3646 W Cornelia Ave
General
- Sold For: $1,160,000
- Taxes: $10,842 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12289078
Location
- Area: CHI - Avondale
- County: Cook
- Driving Directions: Belmont to Monticello (3600W) go north to Cornelia, left to 3646
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $7,400
- Assessment Year: 1916
- Tax Amount: $10,842
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 13233080240000
Listed by Compass
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 3646 W Cornelia Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Reilly Elementary School 3650 West School Street, Chicago, IL 60618 | PK-8 | 0.3 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
3646 W Cornelia Avenue, Chicago, IL 60618 (MLS# 12289078) is a Commercial property that was sold at $1,160,000 on March 21, 2025. Want to learn more about 3646 W Cornelia Avenue? Do you have questions about finding other Commercial real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.

