ON MARKET – MULTI-FAMILY
1150-1156 West Cornelia Avenue Chicago, IL 60657
NEIGHBORHOOD
Lakeview
PRICE
$5,400,000
NUMBER OF UNITS
15
CAP RATE
5.01%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 1150-1156 West Cornelia Avenue, located in Chicago’s popular Lakeview neighborhood. The building is comprised primarily of large 2 bed/2 bath apartments that feel spacious and bright due to the building's corner location. All of the units were renovated in 2007 and feature beautiful finishes including hardwood floors, stainless steel appliances, granite countertops, double-sink bathrooms, in-unit laundry, individual HVAC, private decks and a shared outdoor space.

The property is situated on the northeast corner of Cornelia Avenue and Racine Avenue, and is conveniently located 3 blocks west of Wrigley Field and 2 blocks east of the Southport Corridor, making it an ideal location on Chicago’s north side. The Southport Brown line L stop is 3 blocks away, the Addison Bus line is 1 block to the north and the Belmont L stop is less than 1 mile away. Quick access to all three CTA stations provides tenants access to the Red, Brown, and Purple Lines, offering tenants many excellent public transportation options. 1150-1156 W Cornelia Ave is a rare opportunity to own a stately corner building in a prime Lakeview location with an endless choice of charming restaurants, local bars and entertainment options steps away, making this an excellent opportunity that does not come available very often.

LOCATION DETAILS

RICH HISTORY: Lakeview is one of the most prominent areas in Chicago, located north of the Loop and bordering Lake Michigan. Its proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, which have been the driving forces in transforming the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second oldest ballpark, the neighborhood is filled with restaurants, boutiques and small businesses making up the majority of tenants along retail corridors with major national tenants consistently moving in each year.

PRIME LOCATION: The property is located on the northeast corner of Cornelia Avenue and Racine Avenue in Chicago’s Lakeview neighborhood. 1150-1156 W Cornelia Avenue sits in between Southport Avenue and Clark Street, two popular streets full of local charm featuring a wide variety of boutiques, salons & spas, and trendy restaurants & bars. The property is also conveniently located less than one mile from the Southport, Addison & Belmont CTA Stations, and in close proximity to numerous bus stops and Divvy bike stations.

HIGHLIGHTS
  • Fully Rehabbed in 2007
  • 15 Updated Units with Stainless Steel Appliances, In-Unit Laundry, Individual HVAC & Newer Back Decks
  • Unit Mix Includes: Two 1 Bed/1.5 Bath, Nine 2 Bed/2 Bath, Two 3 Bed/2 Bath Duplexes & Two 4 Bed/4 Bath Duplex Apartments
  • Desirable Corner Building in a Prime Lakeview Location
  • Located 3 Blocks West of Wrigley Field & 2 Blocks East of Southport Corridor
  • Walking Distance to Southport, Addison & Belmont CTA Stations
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922