Commercial: Mixed Use - MLS# 12503766
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Description
Investors! This 3- story mixed use building located in Chicago's Chatham neighborhood needs a brand new look. The first floor has 1 retail space (8044 Cottage Grove) and 6 office spaces (8046 Cottage) and 8 residential apartments; 4 on the second and 4 on third floor (8048 Cottage Grove). A great opportunity for an investor to reposition the property for maximum value, by completing a full renovation and re-tenanting the units, which can significantly increase the property's value and cash flow. The ground-floor retail spaces offer flexible options, from securing a long-term commercial lease with a retail business to converting it into a service-based operation. Building being sold As-Is Where-Is .Building appraised for $362,000 in November 2024.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1969
- Stories: 3
- Units: 15 units
- # Of Apts: 8
- # Of Offices: 6
- # Of Stores: 1
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: From Dan Ryan Expressway -Head East from 79th Street -Head South on Cottage Grove to the property.
- Geographic Locale: Chicago South
- Information: List Broker Must Accompany, No Sign on Property
- Lot Size Square Feet: 10700
- Main Type: Commercial Sale
- Tax Annual Amount: 11591.21
- Tax Year: 2023
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