8044 S Cottage Grove Avenue Chicago, IL 60619

$299,000

Active / MLS# 12503766 / Commercial - Retail / Chicago

0 Beds

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 being sold As-Is Where-Is .Building appraised for $362,000 in November 2024.

Property Details

Property Type: Commercial - Retail

Cooling: None

Lot Size: 0.25 Acres

Stories: 3.0

Taxes: $11,591

Year Built: 1969

Feature Descriptions

Electric: None

Fire Protection: None

HVAC: None

Lot Dimensions: 73' x 87'

Parcel#: 20342150370000

Potential Use: Commercial, Multi-Family, Retail

Units: 15

Location

See details and scored characteristics about this location.

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Listing Office: Village Realty, Inc.

Listing Office Phone: 708-478-1212