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$1,050,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 4821 W Cornelia Ave
General
- Price: $1,050,000
- HOA FEE: $1,686
- Taxes: $14,776 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12648950
- Updated: 5/20/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: Partially
- Fireplace: Yes
- Number of Fireplaces: 2
Location
- Area: CHI - Portage Park
- County: Cook
- Township: Jefferson
- Driving Directions: N. Cicero Ave to Cornelia Ave, West to Site
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Gas, Radiators, Steam
Utilities
- Trash: 4610
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Current Bldg. Use: Non-Conforming, Multi-Family
- Year Built: 1921
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 133' x 40'
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,686
- Operating Expenses: $21,637
- Other Fee: $4,505
- Assessment Year: 1921
- Tax Amount: $14,776.71
- Tax Year: 2024
- Pays Electric: 1222
- Pays Trash: 4610
Disclosures and Reports
- Property ID: 13214050350000
Listed by Jameson Sotheby's Intl Realty
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Schools
Schools serving 4821 W Cornelia Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Falconer Elementary School 3020 North Lamon Avenue, Chicago, IL 60641 | PK-6 | 0.6 mi |
Kelvyn Park High School 4343 West Wrightwood Avenue, Chicago, IL 60639 | 7-8 | 1.3 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4821 W Cornelia Ave
Date
Details
Price
Change
Source
5/14/2026
Listed
$1,050,000
100%
MLS
1/26/2019
Sold
$525,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4821 W Cornelia Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,904
3%
$51,652
—
2022
$10,630
-2%
$51,652
-4%
2021
$10,865
7%
$53,999
18%
2020
$10,181
3%
$45,675
-13%
2019
$9,865
2%
$52,500
—
2018
$9,698
-24%
$52,500
-16%
2017
$12,799
6%
$62,799
—
2016
$12,085
10%
$62,799
—
2015
$11,033
39%
$62,799
38%
2014
$7,958
2%
$45,428
—
2013
$7,790
1%
$45,428
—
2012
$7,710
—
$45,428
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4821 W Cornelia Ave
4821 W Cornelia Avenue, Chicago, IL 60641 (MLS# 12648950) is a Commercial property. 4821 W Cornelia Avenue is currently listed for $1,050,000 and was received on May 14, 2026. Want to learn more about 4821 W Cornelia Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

