8112 South Cottage Grove Avenue

Chicago, IL 60619

$550,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible investment opportunity in West Chatham! Well maintained building with opportunity to increase rents significantly with unit improvements. Building has 2 commercial units rented to a religous organization and tshirt retailer paying 1,050 and 1,300 respectively. 8 residential 1bed/ 1bath units above that are all on month-to-month leases paying rents of 675/ month on average. Recent tuckpointing project completed. Separetly metered gas and electric with 400 amp service to building. Water...Incredible investment opportunity in West Chatham! Well maintained building with opportunity to increase rents significantly with unit improvements. Building has 2 commercial units rented to a religous organization and tshirt retailer paying 1,050 and 1,300 respectively. 8 residential 1bed/ 1bath units above that are all on month-to-month leases paying rents of 675/ month on average. Recent tuckpointing project completed. Separetly metered gas and electric with 400 amp service to building. Water heater just 4 years old. Income producing basement serving as storage. Parking pad in rear of building not being monetized.
  1. Listed by Liam Moore • 33 Realty

Property Details for 8112 South Cottage Grove Avenue

Area
CHI - Chatham
Township
Hyde Park
LISTING UPDATED: 11/03/2024 12:06 AM

Property Details for 8112 South Cottage Grove Avenue

StatusActive
MLS #12184149
Days on Market45
Taxes$13,534 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1928
Lot Size0.12 AC / 5,350 SF
CountyCook County

Building Information for 8112 South Cottage Grove Avenue

Stories3Residences10Year Built1928Lot Size0.12 AC / 5,350 SF

Property Information for 8112 South Cottage Grove Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Chicago South
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters, Service - 0 to 100 Amps
  • Heat/Ventilation: Wall Unit
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 8
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50X107
  • Lot Size Square Feet: 5350.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Fire Protection: Alarm On Site
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $340.00
  • Fuel Expense: $.00
  • Gross Income: $93,000.00
  • Gross Scheduled Income: $97,500.00
  • Insurance Expense: $9,812.00
  • Total Monthly Income: 7750
  • Net Operating Income: $61,878.00
  • Other Expense: $1,367.00
  • Trash Expense: $2,344.00
  • Water Sewer Expense: $4,000.00

Property History for 8112 South Cottage Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8112 South Cottage Grove Avenue

Taxable ValueLand$4,815Additions$47,037Total$51,852
Tax Record2022$13,109 ($1,092 / month)
Home Facts
Total Finished SqFt3,500 SqFtAbove Grade Finished SqFt3,500 SqFtStories1Lot Size5,350 SqFtStyleStoresYear Built1927CountyCOOKAPN20-34-223-023

Schools near 8112 South Cottage Grove Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Pirie Elementary Fine Arts & Academic C
PublicPK to 6

Dixon Elementary School
PublicPK to 8

Harlan Community Academy High School
Public9 to 12

CICS Avalon
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8112 South Cottage Grove Avenue is a mixed use property for sale in Chicago, IL 60619. This property was listed for sale on October 9, 2024 by 33 Realty, it's currently listed at $550,000. This listing's school district is Chicago Public Schools. Nearby schools include Pirie Elementary Fine Arts & Academic C, Dixon Elementary School and Harlan Community Academy High School. 8112 South Cottage Grove Avenue is a 0-bed, 0-bath, mixed use property built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 33 Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/03/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.