Mixed-Use Apartment
New
For Sale
$1,034,000
7701 S Cottage Grove Ave, Chicago, IL 60619
The property combines one-bedroom residences with two commercial spaces on Cottage Grove Avenue.
Property Size16,905 SF
Price / SF$61.17
Days on Market2
Property Features for 7701 S Cottage Grove Ave
General Information
Standard status
Active
Size
16,905 SF
Net Rentable
14,700 SF
Property subtype
Mixed-Use
Occupancy
94%
Financials
Asking Price
$1,034,000
Average Monthly Rent
$860
Site & Location
Neighborhood
Grand Crossing
Mixed-Use Components
residential, retail
Units
Unit Mix
20 x 1BR/1BA
Multifamily Units
20
Additional Details
Tenant in Place
Yes
Amenities
Prime South Side Location at 7701 South Cottage Grove Avenue, Chicago, IL 60619
$47K Price per Unit versus $90K Nearest Comp
16.68 Percent Year One Cap Rate on Asking Price
Approximately 35 Percent Residential Occupancy Today (7 of 20 Units)
22 Total Spaces (20 Residential and Two Commercial)
Building Details
Building Size
16,905 SF
Year Built
1929
Buildings
1
Units
22
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Jack Stanton · License #License(s): IL: 475.184051
(312) 327-5463
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 6:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
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Investment Insights
Based on property information with market context.
This 1929 building contains 20 one-bedroom, one-bath apartments and two commercial spaces. The property totals 14,700 rentable square feet, with gross building area of 16,905 square feet. Each commercial space is 1,000 square feet.
The building is on Cottage Grove Avenue in Greater Grand Crossing, a mixed-use corridor on Chicago’s South Side.
The building is on Cottage Grove Avenue in Greater Grand Crossing, a mixed-use corridor on Chicago’s South Side.
Key Highlights
- 20 one‑bedroom, one‑bath apartments
- Two commercial spaces, each measuring 1,000 square feet
- 14,700 rentable square feet and 16,905 square feet of gross building area
Property Analytics
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Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines one-bedroom residences with two commercial spaces on Cottage Grove Avenue.
Where is this mixed-use property located?
The property is located at 7701 S Cottage Grove Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,034,000.
What are key features of this property?
This property features: 20 one‑bedroom, one‑bath apartments; Two commercial spaces, each measuring 1,000 square feet; 14,700 rentable square feet and 16,905 square feet of gross building area
