Chicago, IL 60619 8237 - 8245 S Cottage Grove Avenue
$449,000
Presented By: Century 21 Circle
Home Details
Owner retired - motivated sale! Excellent investment or owner-user opportunity in Chicago's desirable Chatham business district. This one-story greystone and brick commercial property features six retail storefronts with strong visibility and 100 feet of frontage along busy Cottage Grove Avenue. The property is currently income-producing with four established tenants in place. Two stores are vacant. Tenants are responsible for all utilities except water. The rear of the property provides ample parking with 12+ spaces, a valuable amenity for both tenants and customers. There are 4 separate pin numbers. With some TLC and the right management from a savvy business owner, this property has the potential to generate substantial income. Sold "as is" condition. The building needs new roof!
Presented By: Century 21 Circle
General for 8237 - 8245 S Cottage Grove Avenue
Additional Parcels Description20351200130000, 20351200140000, 20351200150000
Additional Parcels Y/NYes
Assoc Fee Paid PerNot Applicable
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
Current UseCommercial
Directions83rd Street to Cottage Grove Ave turn North to the address.
ElectricCircuit Breakers, Service - 0 to 100 Amps
Gross Income118284
Insurance Expense8000
Leasable Area6300
Lease TypeGross
Lot Size Square Feet12500
MLS AreaCHI - Chatham
Net Operating Income40017
Number Of Units Total6
Property SubtypeNeighborhood Storefront
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusPrice Change
Stories Count1
Tax Annual Amount42800.48
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat
TownshipHyde Park
Water Sewer Expense3066
Year Built1954
ZoningCOMMR
Exterior for 8237 - 8245 S Cottage Grove Avenue
Building Area Total6300
Frontage TypeCity Street
Lot Dimensions100x125
Additional Details
Price History

SQFT • 6,300