$330,000
8825 S Cottage Grove Avenue
Chicago, IL, 60619
Presenting a remarkable investment opportunity in the vibrant Chatham neighborhood of Chicago. This multi-unit property, located on South Cottage Grove, offers a unique blend of comfort, convenience and potential. The building features two spacious units, each with its own distinct charm, and a bonus third unit on the lower level. Each unit is currently tenant-occupied on a month-to-month basis, ensuring immediate income potential for the new owner. Both units are rented at a competitive rate of $1,350.00 each, reflecting the desirability of the location and the quality of the living spaces. The lower level is rented at $1150.00/monthly. The property also boasts a convenient laundry hook-up situated on the first floor rear, adding an extra layer of convenience for tenants. This feature not only enhances the prospective appeal of the units but also offers a potential additional income stream for the owner. Investors will appreciate that the building is being offered for sale with a preference for conventional,FHA or cash transactions, facilitating a smooth and expedient transfer process. This multi-unit building represents an excellent opportunity for both seasoned investors and those looking to enter the real estate market. Its prime location in Chatham, coupled with its solid income potential, makes it a must-see on your property list.
Property Details
Price:
$330,000
MLS #:
MRD11991715
Status:
Active
Beds:
8
Baths:
5
Address:
8825 S Cottage Grove Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Mar 1, 2024
State:
IL
ZIP:
60619
Year Built:
1961
Schools
School District:
299
Interior
Heating
Natural Gas, Electric, Baseboard, Radiator(s)
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Roof
Flat
Financial
Buyer Agent Compensation
2.5%-$350% of Net Sale Price
Tax Year
2021
Taxes
$2,408
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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8825 S Cottage Grove Avenue
Chicago, IL
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