Chicago, IL 60619 8923 S Cottage Grove Avenue

8923 S Cottage Grove Avenue Chicago, IL - Image 18923 S Cottage Grove Avenue Chicago, IL - Image 28923 S Cottage Grove Avenue Chicago, IL - Image 3
15 more
8923 S Cottage Grove Avenue Chicago, IL - Image 48923 S Cottage Grove Avenue Chicago, IL - Image 58923 S Cottage Grove Avenue Chicago, IL - Image 68923 S Cottage Grove Avenue Chicago, IL - Image 78923 S Cottage Grove Avenue Chicago, IL - Image 88923 S Cottage Grove Avenue Chicago, IL - Image 98923 S Cottage Grove Avenue Chicago, IL - Image 108923 S Cottage Grove Avenue Chicago, IL - Image 118923 S Cottage Grove Avenue Chicago, IL - Image 128923 S Cottage Grove Avenue Chicago, IL - Image 138923 S Cottage Grove Avenue Chicago, IL - Image 148923 S Cottage Grove Avenue Chicago, IL - Image 158923 S Cottage Grove Avenue Chicago, IL - Image 168923 S Cottage Grove Avenue Chicago, IL - Image 178923 S Cottage Grove Avenue Chicago, IL - Image 188923 S Cottage Grove Avenue Chicago, IL - Image 19
Presented By: Keller Williams Preferred Rlty
  • MLS# 12653957
  • 05/26/2026
  • Request Tour
  • Request Info
  • Beds • 3

Home Details

Exceptional investment opportunity on Cottage Grove Avenue! This well-maintained 9-unit masonry apartment building, built in 1964, is a 3-story walk-up offering approximately. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing strong rental appeal and income potential. Additional amenities include five on-site parking spaces and convenient coin-operated laundry for tenant use. Zoned RT-4 (legal pre-existing non-conforming), the property offers added flexibility for investors. Ownership currently covers heat/gas, hot water gas, water/sewer, trash, and common electric expenses. Recent capital improvements include a new heating system and hot water system, adding long-term value and efficiency. A prime opportunity to own a solid multifamily asset in a desirable location! Commerical lending approval or POF prior to all showings are required.
Presented By: Keller Williams Preferred Rlty

General for 8923 S Cottage Grove Avenue

Additional Parcels Y/NNo
Cap Rate9.4
CityChicago
Construction MaterialsBrick
CoolingCentral Air, Window Unit(s)
CountyCook
Current UseMulti-Family
DirectionsSouth on Cottage Grove to building.
Electric Expense4230
Fuel Expense3760
Gross Income11035
Insurance Expense5000
Lot Size Square Feet9987
MLS AreaCHI - Chatham
MaintenanceExpense
Net Operating Income59502
Number Of Units Total9
Operating Expense61752
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount11035
Tax Year2024
Tenant PaysElectricity
TownshipHyde Park
Trash Expense1890
Water Sewer Expense2250
Year Built1964
ZoningMULTI

Exterior for 8923 S Cottage Grove Avenue

Lot Dimensions50X150
Lot Size Acres0.17

Additional Details

Price History

Client Care

Price $749,900
MLS#12653957
List Date 05/26/2026
Property Type Multi-Family
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 8923 S Cottage Grove Avenue