Listing provided courtesy of Keller Williams Preferred RltyMREDas Distributed by MLSGrid- MLS# 12653957
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Request Info8923 S Cottage Grove AvenueChicago, IL 60619
Commercial · 3 Beds · 0.17 Acres$749,900
Active
8923 S Cottage Grove Avenue Overview
- Time on Site:
- 34 days
- Visits:
- 0
Exceptional investment opportunity on Cottage Grove Avenue! This well-maintained 9-unit masonry apartment building, built in 1964, is a 3-story walk-up offering approximately. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing strong rental appeal and income potential. Additional amenities include five on-site parking spaces and convenient coin-operated laundry for tenant use. Zoned RT-4 (legal pre-existing non-conforming), the property offers added flexibility for investors. Ownership currently covers heat/gas, hot water gas, water/sewer, trash, and common electric expenses. Recent capital improvements include a new heating system and hot water system, adding long-term value and efficiency. A prime opportunity to own a solid multifamily asset in a desirable location! Commerical lending approval or POF prior to all showings are required.
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8923 S Cottage Grove Avenue Facts & Features
- Type Commercial
- Lot 0.17 Acres
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 4230
- Fuel Expense: 3760
- Gross Income: 11035
- Gross Scheduled Income: 132420
- Insurance Expense: 5000
- Maintenance Expense: 0
- Net Operating Income: 59502
- Operating Expense: 61752
- Trash Expense: 1890
- Water Sewer Expense: 2250
Building Information
- Year Built: 1964
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Chatham
- Township: Hyde Park
Rent/Lease Information
- Tenant Pays: Electricity
Tax Information
- Tax Annual Amount: $11,035.00
- Tax Year: 2024
General Information
- Parcel Number: 25021070010000
- Possible Use: Multi-Family
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Cooling: Central Air, Window Unit(s)
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Acres: 0.17
- Lot Size Dimensions: 50X150
- Lot Size Square Feet: 9987
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Composition
General Information
- Number Of Units Total: 9
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 8
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 1
- Baths Total: 1
- Units Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
8923 S Cottage Grove Avenue Neighborhood
Community
60619 (CHICAGO) Demographics
42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8923 S Cottage Grove Avenue Monthly Cost
8923 S Cottage Grove Avenue Market Data
Based on the last 30 days in this zip code
$215,293
Average List Price
$141
Average Price per Square Foot
31
Properties Sold
83
Average Days on Market
177
Properties for Sale
8923 S Cottage Grove Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/31/2026Source: MRED | Active |
|
| 5/26/2026Source: MRED | May 26, 2026 |