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About This Home
This 0-bedroom, 0-bathroom commercial at 8237 - 8245 S Cottage Grove Avenue in Chicago, IL is listed for $499,000. Built in 1954, on a 0.29 acres lot.
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!
Key Features
- Built in 1954
- 0.29 acre lot
Property Details
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8237 - 8245 S Cottage Grove Avenue
Chicago, IL 60619
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 8237 - 8245 S Cottage Grove Avenue is listed at $499,000. The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.
Key features include: Built in 1954, 0.29 acre lot.
This property is listed by Nha Le and can be reached at (312) 513-4490 or nha.le@c21circle.com.
