Chicago, IL 60619 8923 S Cottage Grove Avenue
$749,900



15 more















Presented By: Keller Williams Preferred Rlty
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
