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
See this Listing
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
- Address4862 W Cortland Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60639
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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Copyright 2026. All rights reserved.
4862 W Cortland Street
Chicago, IL


