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Chicago 60641 Portage Park
5541 W Cornelia Avenue
$259,000
● House - Off Market

5541 W Cornelia Avenue

CHICAGO, IL 60641
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,200 Ft²
$460,941
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Well maintained brick Bungalow with four bedrooms on 1st & 2nd fl. & three additional in full finished basement! Great house, many updates:all newer windows, tear off roof 2 years ago-both house & garage (siding), newer electric system, painted w/ neutral colors, hardwood fl throughout 1st fl. Elegant bathrooms,formal dinning rm, good size bdrs,lots of closets & space for storage.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$225
Property Type
House
Property Taxes
$74
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #09178657)

Price History

Date / Event Date Event Price
May 31, 2016 Sold
Premium
Sold
Mar 29, 2016 Listed by arhome realty $269,900
Listed by arhome realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • 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: 1,563
  • Gross Building Area: 1,563
  • Building Area: 1,563
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,563
  • 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: 2-03
  • 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: 13-21-308-010-0000
  • Block: 3
  • Lot: A
  • Meridian: SEC 21 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9437
  • Longitude: -87.7659

    Address

  • Full Address: 5541 W Cornelia Ave
  • Address - House Number: 5541
  • 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: $567,590
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2348
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 409,855
  • High Value: 506,117
  • Low Value: 313,593

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $93,750
  • Market Improvement Value: $216,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $21,625

    Sales

  • Current Sale Contract Date: May 27, 2016
  • Current Sale Recording Date: Jun 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1616556027
  • Previous Sale Recording Date: Jun 07, 1996
  • Previous Sale Contract Date: May 30, 1996
  • Previous Sale Amount: $144,000
  • 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

$284

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1234 ft²

Average Home Age

76.9 years

Currently For Sale

809 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

Unit for rent at 4414 N Nagle Avenue, Harwood Heights, IL, 60706

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,248 ft²
4414 N Nagle Avenue, Harwood Heights, IL, 60706 Listing by Brendan Murphy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Agnieszka Boryczko, arhome realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09178657
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 5541 West Cornelia Avenue built and last sold?
The property at 5541 West Cornelia Avenue was built in 1926 and last sold on May 27, 2016 for $259,000.
How much is this home worth?
The estimated value of the home located at 5541 West Cornelia Avenue is $275,841.
What are some comparable homes to 5541 West Cornelia Avenue?
There are currently no comparable homes to 5541 West Cornelia Avenue.
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