8213 S Cottage Grove Ave - Multi-Family FOR SALE


Chicago, IL 60619- Chatham
$570,000 USD
773-293-5090
8213 S Cottage Grove Ave, Chicago, IL for Sale
$570,000 USD
Multi-Family - FOR SALE
1/5
null | 10.98% Cap Rate

8213 S Cottage Grove Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Six (6) 1Bd/1Ba, Two (2) 2Bd/2Ba, & Two (2) Commercial Units
  • Prime Chatham Location
  • Individually Furnaced
  • Modern 600 AMP Electrical Service

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 8213 S. Cottage Grove, a meticulously maintained ten (10) unit building in Chicago's historic Chatham neighborhood. Located just three (3) block south of the 79th Street Corridor, the building offers convenient access to CTA bus and train stops, I-94, and Chicago's downtown. 8213 S. Cottage Grove is comprised of two (2) 2Bd/1Ba, six (6) 1Bd/Ba, and two (2) commercial units. All of which feature spacious units with hardwood floors throughout. Recent improvements to the building include, newer 600 Amp electric service, individual furnaces, new hot water heater (2025) and storage tanks (2017). 8213 S. Cottage Grove presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate over 10% and a cash return of 17.87%. Furthermore, by raising rents to levels already being achieved in the building and surrounding area, an investor could achieve a cap rate over 14% and a cash return of 35%.

FOR SALE DETAILS

PRICE

$570,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

10

PRICE/UNIT

$57,000

CAP RATE

10.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

BS-3

APN/PARCEL ID

20-35-120-004-0000

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 Policy.