7346 Cottage Grove Ave, Chicago, IL 60619
This exceptional 11,250-square-foot storefront property, located at 7346 S Cottage Grove Ave, Chicago, IL 60619, presents a unique investment opportunity. The three-story building, constructed in 1923, sits on an 11,250-square-foot lot and is zoned B3-2. The property, currently in distressed condition and sold as-is, where-is, with a special warranty deed conveyance, offers significant redevelopment potential. Previously housing the historic Charles S. Jackson Funeral Home, the building boasts excellent visibility on a busy street with numerous other retail businesses. Ample parking is available with 40 spaces. The location provides easy access to public transportation, including the CTA #4 Cottage Grove bus route (directly on the route), the CTA #75 75th bus route (0.2 miles), the Metra Me 75th/Grand Crossing station (0.6 miles), and the I-90 Kennedy Expressway (0.2 miles). The asking price is $185,000. The Cook County APN is 20-27-223-033-0000. This is a rare chance to acquire a substantial retail space in a vibrant Chicago neighborhood. Significant rehabilitation is required.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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