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10007 S Cottage Grove Avenue, Chicago, IL

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10007 S Cottage Grove Avenue

Chicago, IL 60628-1659 - South Chicago Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1976
Building Size:5,800 SF Land Area:.4 AC (17,341 SF)
For Sale Price:$495,000 Price/SF:$85.34
Cap Rate:10.90 %
Parking:21 Surface spaces are available; Ratio of 2.95/1,000 SF

Location Corner: SE

Property Description: Strip Center

Sale Notes:
[STEP 1) Purchase Strip Center. STEP 2) Sit back and collect rent.] This is a promising money maker, fully rented out to long term loyal tenants. Building is approximately 8,000 sq ft, extremely well maintained, new roof. Current businesses include: fast food Shrimp restaurant, grocery store, barber shop, tax services, and day care center. Tenants pay their own utilities. Landlords full expenses consist of property taxes, Insurance, repairs/maintenance. True net income is $60k per year.

Lena Matariyeh
(708) 857-1500

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