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Chicago 60641 Portage Park
5527 W Cornelia Avenue
$445,000
● House - Off Market

5527 W Cornelia Avenue

Chicago, IL 60641
bedrooms
5 Beds
bathrooms
3 Baths
square feet
1,909 Ft²
$2,393
Est. Monthly
13.12%
Cap Rate

About This Property

VERY WELL MAINTAINED, SPACIOUS FAMILY HOME OFFERS 7 BEDROOMS & 3 FULL BATHS ON 3 FULLY FINISHED LIVING LEVELS. PERFECT OPPORTUNITY FOR IN-LAW SUITES (ONE UP & ONE BELOW). 1ST FLOOR OFFERS LARGE LIVNG RM, SEP DINING RM, 3 BEDROOMS &  FULL BATH. BRIGHT, SPACIOUS KITCHEN WITH TABLE SPACE. SUNNY 2ND FLOOR UNIT WITH A SEP SIDE ENTRANCE OFFERS 2 BEDROOMS FULL BATH, KITCHEN & LIV. RM. TWO GAS & ELECTRIC METERS. FINISHED BASEMENT WITH IN-LAW ARRANGEMENT & EXTRA STORAGE ROOM &  LAUNDRY. TWO SEP HVAC SYSTEMS.ROOF 2017(House & garage). BEAUTIFUL FULLY FENCED  BACKYARD WITH A PATIO  FOR YOUR SUMMER ENTERTAINING . 2 CAR GARAGE. CLOSE TO SHOPPING, SCHOOLS AND PUBLIC TRANSPORTATION. A MUST SEE! THE HOME IS BEING SOLD AS-IS.
Unit Size
1,909 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$209
Property Type
House
Property Taxes
$429
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 34
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 2
  • 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
  • Total Building Area: 1,909
  • Gross Building Area: 1,909
  • Building Area: 1,909
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,909
  • 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: 1112
  • County Land Use Code: 2-11
  • 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: 13-21-308-015-0000
  • Block: 3
  • Lot: A
  • Meridian: SEC 21 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9438
  • Longitude: -87.7653

    Address

  • Full Address: 5527 W Cornelia Ave
  • Address - House Number: 5527
  • Street Direction: W
  • Address - Street Name: Cornelia
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C033
  • 4-Digit Zip Code: 3244
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $574,087
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 417,581
  • High Value: 524,281
  • Low Value: 310,880

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $93,750
  • Market Improvement Value: $226,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $22,625

    Sales

  • Current Sale Contract Date: Aug 15, 1995
  • Current Sale Recording Date: Aug 22, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 95552755

    Financing

  • First Mortgage Financing Type: VAR
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

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1235 ft²

Average Home Age

77.9 years

Currently For Sale

810 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

Rentals Near You

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MRED

Listed by: Marek Prus, RE/MAX City
Data Source: MRED, MLS# MRD12346729
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 5527 West Cornelia Avenue built and last sold?
The property at 5527 West Cornelia Avenue was built in 1927 and last sold on Aug 15, 1995 for $157,000.
How much is this home worth?
The estimated value of the home located at 5527 West Cornelia Avenue is $0.
What are some comparable homes to 5527 West Cornelia Avenue?
There are currently no comparable homes to 5527 West Cornelia Avenue.
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