8044 South Cottage Grove Avenue, Chicago, IL

$299,000

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About 8044 South Cottage Grove Avenue

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.

Features of 8044 South Cottage Grove Avenue

MLS® # 12503766
Price $299,000
Bathrooms 0.00
Acres 0.00
Year Built 1969
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 8044 South Cottage Grove Avenue
Area CHI - Chatham
City Chicago
County Cook
State IL
Zip Code 60619

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Additional Information

Days on Market 8
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeVillage Realty, Inc.
Contact Info708-478-1212

Listing Map

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