See all 10 photos
10 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Cynthia Fultonof Village Realty, Inc.
$299,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12503766
Year Built 1969
Annual Tax Amount $11,591
Tax Year 2023
Lot Dimensions 73' x 87'
Property Sub-Type Mixed Use
Property Description
Investors! This 3- story mixed use building located in Chicago's Chatham neighborhood needs a brand new look. The first floor has 1 retail space (8044 Cottage Grove) and 6 office spaces (8046 Cottage) and 8 residential apartments; 4 on the second and 4 on third floor (8048 Cottage Grove). A great opportunity for an investor to reposition the property for maximum value, by completing a full renovation and re-tenanting the units, which can significantly increase the property's value and cash flow. The ground-floor retail spaces offer flexible options, from securing a long-term commercial lease with a retail business to converting it into a service-based operation. Building appraised for $362,000 in November 2024.
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Read Less Info
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
GET MORE INFORMATION
Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com