Bought with Seatrice Foster of Foster & Williams Real Estate
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8022 S Cottage Grove AVE Chicago, IL 60619
Key Details
Sold Price -
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10782347
Sold Date -
Year Built 1955
Annual Tax Amount $9,713
Tax Year 2019
Lot Dimensions 25 X 125
Property Sub-Type Mixed Use
Property Description
EXCELLENT MUTLI-USE BUILDING WHICH IS VERY EASY TO OPERATE DUE TO LONG TERM COMMERCIAL TENANTS. UNITS HAVE BEEN PROFESSIONALLY UPDATED WITH NEW KITCHEN, BATH, CARPETING AND PAINT. THE TWO STORE FRONTS ARE COMBINED WITH A BAR AND A RESTAURANT AT $2300 PER MONTH! THERE ARE 8 RESIDENTIAL UNITS CONSISTING OF 4 STUDIO'S AND 4 ONE BEDROOMS. THIS IS A 17% CAP WHICH CAN BE MAXIMIZED WITH RENT ROLL INCREASES.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling None
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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