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8112 S Cottage Grove Ave Chicago, IL 60617

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For Sale
$500,000

Mixed-use property in East Chatham with retail and residential units.

Property size:
8,933 SF

Property Features for 8112 S Cottage Grove Ave

General Information

Size
8,933 SF

Building Details

Year built
1927

Source: Liam Moore Agent Liam Moore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Chatham Mixed-Use Investment Property

Located in Chicago's East Chatham neighborhood, this three-story property at 8112 S Cottage Grove Ave presents an investment opportunity. The building features a mix of eight one-bedroom, one-bathroom apartments and two retail units on the first floor. The apartments include hardwood floors and separately metered gas and electric. The property is situated near the 83rd St (Avalon Park) Metra stop, offering a 30-minute commute to downtown Chicago. Its location on Cottage Grove Avenue provides access to transportation links. The property is also situated three blocks from Grand Crossing Park and within a 45-minute drive to Midway Airport. The 8,933 square foot property is located in East Chatham, a South Side neighborhood known for its community and cultural diversity. The area offers a mix of historic charm and modern amenities, with access to the lakefront, culture, and dining options. The property also provides access to I-90/94. There is an opportunity to increase net operating income through raised rents.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Project Org & Design Educational Consultant Galilee Temple Church ... Pentecostal Church Barnes Sharon Insurance Agency

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6055066
Latitude
41.7471306

FAQs

What type of property is this?
Apartment building - Mixed-use property in East Chatham with retail and residential units.
Where is this apartment building located?
The property is located at 8112 S Cottage Grove Ave Chicago, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: - Prime location in Chicago's East Chatham neighborhood, close to transportation and amenities.; - Convenient 30-minute commute to downtown Chicago via the nearby 83rd St (Avalon Park) Metra stop.; - Opportunity to increase Net Operating Income (NOI) by raising rents to market value without renovations.
More about this property
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