Lakeview :: 6 Units :: Value-Add

Investment Overview

Kiser Group has been exclusively engaged to market for sale 720-22 W. Cornelia, a six-unit multifamily property being offered to the market for the first time in over 40 years. The center-entrance building is situated on a picturesque, tree-lined residential street in Chicago’s Lakeview East neighborhood, just steps from the Broadway and Halsted commercial corridors, approximately 0.4 miles from the Addison CTA Red Line station, and minutes from Belmont Harbor and the lakefront trail. Situated on approximately 6,850 SF of land and zoned RM-5, the property allows for up to 17 dwelling units as-of-right. The site offers multiple avenues for value creation, including duplexing existing units, adding garden units, reconfiguring existing layouts, or pursuing new development. All six units are occupied by month-to-month tenants, providing an investor with flexibility to execute a value-add strategy. Combined with favorable zoning, a well-located site, and strong rental demand, 720-22 W. Cornelia presents a compelling opportunity to acquire a well-positioned multifamily asset with significant long-term upside in one of Chicago’s most desirable and supply-constrained neighborhoods.

Investment Highlights

• Center Entrance 6-Unit
• Multiple Value-Add Avenues
• RM-5 Zoning - Allows 17 DU
• A+ Lakeview East Location
• 0.4 Miles from Addison CTA Red Line
• 0.5 Miles from Wrigley Field