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$550,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 3 hours ago

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Open House: 11:00 AM - 1:30 PM

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4862 W Cortland Street,Chicago, IL 60639

4862 W Cortland StreetChicagoIL60639

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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 for 4862 W Cortland St

General

  • Price: $550,000
  • Taxes: $3,733 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12601347
  • Updated: Today (4/13/2026)
  • Added to Site: Today

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 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
  • Township: Jefferson
  • Driving Directions: NORTH ON CICERO WEST ON CORTLAND TO PROPERTY

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High 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

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding, Frame
  • Exterior Const.: Vinyl Siding, Frame
  • Basement: Yes
  • 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: $3,733
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 13334070210000

Listed by Compass

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— 4862 W Cortland St —

  • Compass

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4862 W Cortland St

School District:Chicago Public School District 299
NameGradesDistance
Lloyd Elementary School
2103 North Lamon Avenue, Chicago, IL 60639
K-50.3 mi
Northwest Middle School
5252 West Palmer Street, Chicago, IL 60639
6-80.6 mi
Foreman High School
3235 North Leclaire Avenue, Chicago, IL 60641
9-121.7 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Listed
$550,000
378.26%
MLS
3/14/2001
Sold
$115,000
—
Public Record
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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 for 4862 W Cortland St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,733
3%
$21,000
—
2022
$3,618
2%
$21,000
—
2021
$3,555
-22%
$21,000
-11%
2020
$4,574
-4%
$23,623
-13%
2019
$4,769
2%
$27,153
—
2018
$4,688
14%
$27,153
21%
2017
$4,108
3%
$22,450
—
2016
$3,999
10%
$22,450
—
2015
$3,635
-3%
$22,450
-1%
2014
$3,736
2%
$22,688
—
2013
$3,651
1%
$22,688
—
2012
$3,626
—
$22,688
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4862 W Cortland Street, Chicago, IL 60639 (MLS# 12601347) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 4862 W Cortland Street is currently listed for $550,000 and was received on April 13, 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.

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