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7621 S Cottage Grove Ave Chicago, IL 60619

Sponsored
For Sale
$2,300,000

COMMERCIAL - Chicago, IL

Property size:
18,000 SF
Lot size:
0.31 Acres
Days on Market:
7
Last Refresh:
Jan 26 at 3:06 pm

Property Features for 7621 S Cottage Grove Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
20263080040000
Size
18,000 SF
Lot size
0.31 Acres

Utilities

Cooling system
Central Air

Building Details

Floors in Building
3
Building materials
Brick, Concrete

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Listing Contact
Mark Ahmad
Mark Ahmad

Coldwell Banker Leader Realty (312) 513-4490

Listing agent Mark Ahmad (773) 983-1553

Listing date Jan 20, 2026

MLS# 12548055

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

Chicago Motel and Restaurant Opportunity

This property features a 3-story, California-style exterior corridor motel with 34 rooms, constructed in 1974. A separate restaurant building is positioned at the front of the property. The site includes main-level parking and occupies a total land area of 13,392 square feet, with a total building area of 18,000 square feet. It is located in the Chatham neighborhood on Chicago's South Side. The property presents opportunities for rehabilitation, redevelopment, and potential revenue generation, operating under a non-franchise motel license. The location is within walking distance of retail, services, and neighborhood amenities, benefiting from strong traffic counts. It is approximately 1 mile east of the Dan Ryan Expressway and about 3 miles from the Obama Presidential Library. Situated within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone, the property is eligible for facade improvements and full building renovation grants, with potential for reducing capital outlay and increasing ROI through public incentives. The City of Chicago offers grants and TIF funding for the area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Empire Motel Motel Barbara Ann's Motel Motel

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

The Woodlawn, Empire Motel, Barbara Ann's Motel, East of the Ryan, Mommie-o

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6049499
Latitude
41.7561206

FAQs

What type of property is this?
Motel - 34-room motel with restaurant in established Chicago neighborhood.
Where is this motel located?
The property is located at 7621 S Cottage Grove Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: - Significant value-add opportunity with the non-franchise motel license.; - Eligible for substantial City of Chicago grants and TIF funding for facade improvements and full building renovation.; - Located within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone.
More about this property
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