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 | 7 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Village Realty, Inc. |
|---|---|
| Contact Info | 708-478-1212 |