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$450,000
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Property Description
Exceptional investment opportunity in the heart of Chicago's desirable Cragin neighborhood! This spacious multi-family property offers approximately 2,540 sq ft of living space on a generous 6,300 sq ft lot, making it ideal for both investors and owner-occupants. Featuring 6 bedrooms and 2 bathrooms, this classic building provides ample space for rental income, multi-generational living, or a value-add renovation project. Built in the early 1900s, the property retains its solid structure while offering the opportunity to modernize and increase equity. The home includes a full unfinished basement, and attic perfect for storage or future finishing, and sits on a wide lot with room for outdoor space or parking enhancements. Located on a residential street, the property benefits from a walkable location with access to public transportation, schools, and local amenities. Whether you're looking to generate rental income, house hack, or renovate and resell, this property delivers strong potential in a stable Chicago market where multi-unit properties remain in high demand. Click on Virtual Tour for PICS!
Full Property Details
Full Property Details for 4862 W Cortland St
General
- Sold For: $450,000
- Taxes: $6,774 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12601347
- Added to Site: 189 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: School Bus Service, Commuter Train
Parking
- Total Spaces: 5
- Parking Features: Alley Access, Yes, Owned
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Driving Directions: NORTH ON CICERO WEST ON CORTLAND TO PROPERTY
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Lloyd Elementary School
- High School: Foreman High School
- Private School: Foreman High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Vinyl Siding, Frame
- Exterior Const.: Vinyl Siding, Frame
- Basement Desc.: Unfinished, Full, Walk-Out Access
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 126
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $6,774.33
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 13334070210000
Listed and Sold by Compass
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Schools
Schools serving 4862 W Cortland St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lloyd Elementary School 2103 North Lamon Avenue, Chicago, IL 60639 | K-5 | 0.3 mi |
Northwest Middle School 5252 West Palmer Street, Chicago, IL 60639 | 6-8 | 0.6 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 9-12 | 1.7 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 4862 W Cortland St
Date
Details
Price
Change
Source
9/09/2026
Sold
$450,000
-18.18%
MLS
4/13/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4862 W Cortland Street, Chicago, IL 60639 (MLS# 12601347) is a Multi-Family property that was sold at $450,000 on September 09, 2026. Want to learn more about 4862 W Cortland Street? Do you have questions about finding other Multi-Family real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

