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Listed by Jamie Lemmons-Svobodaof Keller Williams Preferred Rlty
$ 749,900
Est. payment /mo
New
8923 S Cottage Grove Avenue Chicago, IL 60619
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12653957
Year Built 1964
Annual Tax Amount $11,035
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 50X150
Property Sub-Type Multi Family 5+
Property Description
Exceptional investment opportunity on Cottage Grove Avenue! This well-maintained 9-unit masonry apartment building, built in 1964, is a 3-story walk-up offering approximately. The property features an attractive 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. Zoned RT-4 (legal pre-existing non-conforming), the property offers 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. A prime opportunity to own a solid multifamily asset in a desirable location! Commerical lending approval or POF prior to all showings are required.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick
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