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$ 299,000
Est. payment | /mo
$ 299,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
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
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Listed by Cynthia Fulton of Village Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "