8044 S Cottage Grove Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$275,000 USD
773-293-5090
8044 S Cottage Grove Ave, Chicago, IL for Sale
$275,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

8044 S Cottage Grove Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Five (5) 1Bd/1Ba, Two (2) 2Bd/1Ba, One (1) 3Bd/1Ba, & Two (2) Retail Spaces
  • 100% Vacant
  • In Need of Complete Renovation
  • 27K Per Unit

OVERVIEW

8044 S. Cottage Grove presents a rare mixed-use investment opportunity in the heart of Chicago’s Chatham neighborhood. The property consists of 10 total units, including five (5) 1Bd/1Ba apartments, two (2) 2Bd/1Ba apartments, one (1) 3Bd/1Ba apartment, and two (2) street-level retail spaces, offering investors a diversified income stream from both residential and commercial tenancy. Positioned along the highly trafficked Cottage Grove Avenue corridor, the asset benefits from strong visibility, convenient access to public transportation, and proximity to neighborhood shopping, dining, and employment centers. The property is currently in need of a substantial renovation, presenting a compelling value-add opportunity for investors seeking to reposition the asset and unlock its full income potential. With a mix of residential and retail space, 8044 S. Cottage Grove offers the ability to create significant value through a comprehensive renovation program, updated leasing strategy, and operational improvements, making it an attractive opportunity for investors focused on long-term appreciation and strong cash flow growth.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$31 USD /SF

# OF UNITS

10

PRICE/UNIT

$27,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,716 SF

ZONING

B3-2

APN/PARCEL ID

20-34-215-037-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.