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Chicago 60641 Portage Park
5520 W Cornelia Avenue
$382,500
● House - Off Market

5520 W Cornelia Avenue

Chicago, IL 60641
bedrooms
4 Beds
bathrooms
3 Baths
$2,239
Est. Monthly
11.12%
Cap Rate

About This Property

This Chicago Bungalow is in fantastic condition and in prime location, perfect for a multigenerational household. Your new home will offer 2 Kitchens w/ possibility of a third one (plumbing is behind the wall in the attic), 3 washrooms, one on each floor! Also has 5 bedrooms that can easily be converted into a 6 bedroom home. There's tons of closet space, an enclosed back porch, hardwood floors throughout, newer windows. 2 car garage with tandem parking. Super close to the new Target at 6 corners, Jewel, Marshalls, PetSmart , CTA & minutes from Chopin Park.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #12021249)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Apr 4, 2024 Listed by 606 Brokers LLC $370,000
Listed by 606 Brokers LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 973
  • Gross Building Area: 973
  • Building Area: 973
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 973
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESUBDIVISION OF J E WHITES ADDISON
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (RESUBDIVISION) OF J E (WHITES) (ADDISON) GARDENS SUB OF LT A IN PARTN OF WH SW SEC 21-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 151100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-21-304-030-0000
  • Block: 2
  • Lot: A
  • Meridian: SEC 21 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9445
  • Longitude: -87.7651

    Address

  • Full Address: 5520 W Cornelia Ave
  • Address - House Number: 5520
  • Street Direction: W
  • Address - Street Name: Cornelia
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C033
  • 4-Digit Zip Code: 3243
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $505,851
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.1007
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 362,220
  • High Value: 398,717
  • Low Value: 325,723

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $93,750
  • Market Improvement Value: $186,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $18,625

    Sales

  • Current Sale Contract Date: Nov 13, 1995
  • Current Sale Recording Date: Nov 27, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 95814501
  • Previous Sale Recording Date: May 05, 1994
  • Previous Sale Contract Date: Apr 26, 1994
  • Previous Sale Amount: $145,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1194 ft²

Average Home Age

78.2 years

Currently For Sale

781 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Brendaly Sarmiento, 606 Brokers LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12021249
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5520 West Cornelia Avenue built and last sold?
The property at 5520 West Cornelia Avenue was built in 1927 and last sold on Nov 13, 1995 for $162,000.
How much is this home worth?
The estimated value of the home located at 5520 West Cornelia Avenue is $0.
What are some comparable homes to 5520 West Cornelia Avenue?
There are currently no comparable homes to 5520 West Cornelia Avenue.
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