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Cottage Grove Multifamily Investment Opportunity

8923 South Cottage Grove Avenue Chicago, IL 60619

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For Sale
$749,900

Well-maintained 9-unit apartment building with strong income potential.

Type:Multi Family 5+ / Flats
Property size:
9,987 SF
Price / SF:
$75/SF
Added:
May 26, 2026
Days on Market:
48
Last Refresh:
May 27 at 8:03 am

Property Features for 8923 South Cottage Grove Avenue

General Information

Standard status
Active
Size
9,987 SF
Property subtype
Multi Family 5+ / Flats

Building Details

Year Built
1964

Listing office Keller Williams Preferred Rlty

Listing date May 26, 2026

Source Compass

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 well-maintained 9-unit masonry apartment building, constructed in 1964, presents an exceptional investment opportunity. The 3-story walk-up building offers approximately 9987 square feet. The property features a unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing strong rental appeal and income potential. Additional amenities include five on-site parking spaces and convenient coin-operated laundry for tenant use. The property is zoned RT-4 (legal pre-existing non-conforming), offering added flexibility for investors. Ownership currently covers heat/gas, hot water gas, water/sewer, trash, and common electric expenses. Recent capital improvements include a new heating system and hot water system, adding long-term value and efficiency. The property is located on Cottage Grove Avenue in Chicago, IL.

Key Highlights

  • Well‑maintained 9‑unit masonry apartment building built in 1964.
  • Attractive unit mix: eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.
  • Recent capital improvements: new heating system and hot water system.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Skin Care Clinic Kitchen & Bath Showroom Tech Support Center Garden Center

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

FAQs

What type of property is this?
Apartment building - Well-maintained 9-unit apartment building with strong income potential.
Where is this apartment building located?
The property is located at 8923 South Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Well‑maintained 9‑unit masonry apartment building built in 1964.; Attractive unit mix: **eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.**; Recent capital improvements: **new heating system and hot water system.**
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