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8112 S Cottage Grove Avenue, Chicago, IL 60619
8112 S Cottage Grove Avenue, Chicago, IL 60619
  • $550,000
  • $700,000

Overview

Property ID: 12184149
  • Commercial Sale
  • Property Type
  • 1928
  • Year Built

Description

Incredible investment opportunity in West Chatham! Well maintained building with opportunity to increase rents significantly with unit improvements. Building has 2 commercial units rented to a religous organization and tshirt retailer paying 1,050 and 1,300 respectively. 8 residential 1bed/ 1bath units above that are all on month-to-month leases paying rents of 675/ month on average. Recent tuckpointing project completed. Separetly metered gas and electric with 400 amp service to building. Water heater just 4 years old. Income producing basement serving as storage. Parking pad in rear of building not being monetized.

  • Address 8112 S Cottage Grove Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60619
  • Area CHI - Chatham

Details

Updated on November 3, 2024 at 5:06 am
  • Property ID: 12184149
  • Price: $550,000
  • Garage Size: x x
  • Year Built: 1928
  • Property Type: Commercial Sale
  • Property Status: Active

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