A magnetoelectric multiferroic bi-phase system with robust ferroelectric and ferro/ferri-magnetism response at room temperature would be ideally suitable for microelectronics, memory devices, and for spintronic applications. BaTiO3/CoFe2O4/BaTiO3(BTO/CFO/BTO) heterostructured films were pulsed laser deposition grown on Pt(111)/TiO2/SiO2/Si substrates. High quality polycrystalline films were grown by thermal annealing at 750 °C, at an oxygen partial pressure of 100 mTorr for 1 h. Crystal quality and phase formation information was monitored using X-ray diffraction (XRD). XRD confirm the growth of polycrystalline heterostructures and the coexistence of both perovskite BTO and spinel CFO phases in heterostructures. In order to obtain robust magnetoelectric coupling, we studied the tri-layer structure as a representative ferroelectric/ferrimagnetic/ferroelectric system. We report the ferroelectric, leakage current behavior, ferrimagnetic, and frequency dependent ME properties of the films. Ferroelectric BTO and ferrimagnetic inverse spinel CFO nature is also confirmed using the piezoresponse force microscopy and magnetic force microscopy measurements. These nanostructures exhibit high saturation polarization (Ps ∼ 99.86 µC/cm2), saturation magnetization (Ms ∼ 51.48 emu/cm3), and a strong ME coupling coefficient of ∼ 274 mV/cm-Oe with a bias magnetic field of + 90 Oe, anda frequency of 1 kHz revealing them as prospective candidates for multifunctional applications.