4862 W Cortland St, Chicago, IL
6 bd · 2 ba · 0 sqft Multi-Family listed at $550,000, built in 1903 in the Cragin neighborhood.
About this home
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!
Property details
- Price
- $550,000
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1903
- Type
- Multi-Family
- Days on market
- 12
- Est. property tax
- $11,440/yr · $953/mo · 2.08% IL avg
- Last sold
- $115,000 · Mar 2001
Estimated monthly payment
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Price history
- Apr 14, 2026$550,000Initial list price
- Mar 14, 2001$115,000Sold
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60639)
Median age is 35.5; 10% hold a bachelor's degree; 48% of homes are owner-occupied; median household income is $54,969.
- Median income
- $54,969
- Median age
- 35.5
- Owner-occupied
- 47.5%
- Bachelor's degree
- 10.3%
- Census median home value
- $279,400
Source: US Census Bureau American Community Survey 5-year estimates.
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