Chicago, IL 60619,8044 S Cottage Grove AVE
Chicago, IL 60619,8044 S Cottage Grove AVE
Chicago, IL 60619,8044 S Cottage Grove AVE
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8044 S Cottage Grove AVE Chicago, IL 60619

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12503766

Year Built 1969

Annual Tax Amount $11,591

Tax Year 2023

Lot Dimensions 73' x 87'

Property Sub-Type Mixed Use

Property Description

Investors! This 3- story mixed use building located in Chicago's Chatham neighborhood needs a brand new look. The first floor has 1 retail space (8044 Cottage Grove) and 6 office spaces (8046 Cottage) and 8 residential apartments; 4 on the second and 4 on third floor (8048 Cottage Grove). A great opportunity for an investor to reposition the property for maximum value, by completing a full renovation and re-tenanting the units, which can significantly increase the property's value and cash flow. The ground-floor retail spaces offer flexible options, from securing a long-term commercial lease with a retail business to converting it into a service-based operation. Building appraised for $362,000 in November 2024.

Location

State IL

County Cook

Area Chi - Chatham

Interior

Cooling None

Fireplace N

Building

Dwelling Type Mixed Use


Midwest Real Estate Data (MRED) IDX
Listed by Cynthia Fulton of  Village Realty, Inc. 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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8044 S Cottage Grove AVE