4862 W Cortland Street
Chicago, IL, 60639
$550,000
6 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12601347 image #0
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
MLS #:
MRD12601347
Status:
Active Under Contract
Beds:
6
Baths:
2
Type:
Multi Family
Neighborhood:
chibelmontcragin
Listed Date:
Apr 13, 2026
Year Built:
1903
Chi – Belmont CraginChibelmontcraginLloyd Elementary SchoolForeman High School

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Schools

School District:
299
Elementary School:
Lloyd Elementary School
High School:
Foreman High School

Interior

Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding, Frame
Parking Features
Alley Access, Yes, Owned
Parking Spots
5
Parking Total
5

Financial

Tax Year
2024
Taxes
$6,774

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 13, 2026
1,401
Multi Family Listed
79
Avg DOM
$531,899
Avg List Price

Property Summary

    4862 W Cortland Street Chicago IL is a Multi Family for sale in Chicago, IL, 60639. It is listed for $550,000

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