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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

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    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.
    (847) 999-8818
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    8112 S Cottage Grove Ave Chicago, IL 60617
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8112 S Cottage Grove Ave Chicago, IL 60617
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