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$ 549,000
Est. payment /mo
Price Dropped by $50K
8237 - 8245 S Cottage Grove AVE Chicago, IL 60619
6,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $87
MLS Listing ID 12597834
Year Built 1954
Annual Tax Amount $42,800
Tax Year 2024
Lot Dimensions 100x125
Property Sub-Type Retail/Stores
Property Description
Owner retired - motivated sale! Excellent investment or owner-user opportunity in Chicago's desirable Chatham business district. This one-story greystone and brick commercial property features six retail storefronts with strong visibility and 100 feet of frontage along busy Cottage Grove Avenue. The property is currently income-producing with four established tenants in place. Two stores are vacant. Tenants are responsible for all utilities except water. The rear of the property provides ample parking with 12+ spaces, a valuable amenity for both tenants and customers. There are 4 separate pin numbers. With some TLC and the right management from a savvy business owner, this property has the potential to generate substantial income. Sold "as is" condition. The building needs new roof!
Location
State IL
County Cook
Area Chi - Chatham
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Nha Le of Century 21 Circle