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Contingent
  • $550,000

    4862 W Cortland St, Chicago, IL 60639

    6beds
    --sqft
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    Multi Family
    Built in 1903
    -- sqft lot
    $530,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Full unfinished basementSpacious multi-family propertyAttic perfect for storage
    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!
    97 days
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    39
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Alfredo Gonzalez 773-598-7388,

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 12601347MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Features
      • Basement: Unfinished,Full,Walk-Out Access

      Property

      Parking
      • Total spaces: 5
      • Parking features: Alley Access, Yes, Owned
      Lot
      • Size: 6,300 Square Feet
      • Dimensions: 50X126
      Details
      • Parcel number: 13334070210000
      • Zoning: MULTI
      • Special conditions: List Broker Must Accompany

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Frame
      Condition
      • New construction: No
      • Year built: 1903

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $370,000
      • Annual tax amount: $6,774
      • Date on market: 4/13/2026
      • Ownership: Fee Simple

        Estimated market value

        $530,700

        $504,000 - $557,000

        $2,138/mo

        Price history

        DateEventPrice
        7/6/2026Contingent$550,000
        Source: MRED as distributed by MLS GRID #12601347 Report a problem
        7/6/2026Listed for sale$550,000
        Source: MRED as distributed by MLS GRID #12601347 Report a problem
        5/20/2026Listing removed$550,000
        Source: MRED as distributed by MLS GRID #12601347 Report a problem
        5/7/2026Contingent$550,000
        Source: MRED as distributed by MLS GRID #12601347 Report a problem
        4/13/2026Listed for sale$550,000
        Source: MRED as distributed by MLS GRID #12601347 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $37,000 +76.2%
        2023$3,733 +3.2%$21,000
        2022$3,618 +1.8%$21,000
        2021$3,555 -22.3%$21,000 -11.1%
        2020$4,574 -4.1%$23,623 -13%
        2019$4,769 +1.7%$27,153
        2018$4,688 +14.1%$27,153 +20.9%
        2017$4,109 +2.7%$22,450
        2016$3,999 +10%$22,450
        2015$3,635 -2.7%$22,450 -1%
        2014$3,736 +2.3%$22,688
        2013$3,651 +0.7%$22,688
        2012$3,626 +11.6%$22,688 -5.8%
        2011$3,250 +3.8%$24,080
        2010$3,132 +10.6%$24,080
        2009$2,832 -17.5%$24,080 -21.4%
        2008$3,432 +12.4%$30,618
        2007$3,053 +34.1%$30,618
        2006$2,276 +4.7%$30,618 +88.2%
        2005$2,174 +1.9%$16,270
        2004$2,133 +4.4%$16,270
        2003$2,042 -5.4%$16,270 +17.7%
        2002$2,159 -10%$13,829
        2001$2,399 +21.6%$13,829
        2000$1,972 -0.7%$13,829 +35%
        1999$1,986 $10,247
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Cragin

        Getting around

        80 / 100
        Very Walkable
        61 / 100
        Good Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lloyd Elementary School
        • High: Foreman High School
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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