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Listed by Cynthia Fultonof Village Realty, Inc.
$130,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12761925
Year Built 1969
Annual Tax Amount $18,365
Tax Year 2025
Lot Dimensions 73 x 87
Property Sub-Type Mixed Use
Property Description
Investors! Contractors!This 3- story mixed use building located in Chicago's Chatham neighborhood needs a brand new look. Needs Total Rehab! 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 renovate 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 being sold As-Is Where-Is
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com