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Masonry 9-Unit Apartment Building
For Sale
$725,000

8923 S Cottage Grove Avenue, Chicago, IL 60619

Three-story walk-up with on-site laundry, resident parking, and a varied one- and two-bedroom layout.

Days on Market69

Property Features for 8923 S Cottage Grove Avenue

General Information

Standard status Active
Total Parking Spaces 5
Property subtype MULTI_FAMILY
Zoning RT-4

Units

Unit Mix 8 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $11,035

Amenities

coin-operated laundry

Building Details

Year Built 1964
Buildings 1
Stories 3
Construction masonry
Listing Agency: Keller Williams Preferred Rlty
Listed By: Jamie Lemmons-Svoboda · License #475162394
Source: Dawnmckennagroup
Added: May 26 Changed: Aug 2 Last Checked: Aug 2 at 5:35AM

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 Keller Williams Preferred Rlty

Investment Insights

Based on property information with market context.

This 9-unit masonry apartment property at 8923 S Cottage Grove Avenue in Chicago is arranged as a three-story walk-up and was built in 1964. The unit mix includes eight 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Residents have access to coin-operated laundry and five on-site parking spaces.

The property is zoned RT-4 as a legal pre-existing non-conforming use. Recent capital work includes installation of a new heating system and hot water system. Ownership currently pays for heat/gas, hot water gas, water/sewer, trash, and common electric expenses.

Key Highlights

  • 9‑unit masonry apartment building built in 1964
  • Unit mix includes eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Three‑story walk‑up configuration

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,163
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story walk-up with on-site laundry, resident parking, and a varied one- and two-bedroom layout.
Where is this apartment building located?
The property is located at 8923 S Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 9‑unit masonry apartment building built in 1964; Unit mix includes eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Three‑story walk‑up configuration
More about this property
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