8825 S Cottage Grove Avenue Chicago, IL $ 330,000
8825 S Cottage Grove Avenue
$ 330,000
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8825 S Cottage Grove Avenue

Chicago, IL, 60619
$ 330,000
Bedrooms8 Baths5.2 Sq 2,650

Monthly Estimate*

$ 2,305

8825 S Cottage Grove Avenue, Chicago, IL 60619 - Image 1

Multi-Family Home for sale in Chicago, IL

for $330,000 with 8 bedrooms and 5 full baths, 2 half baths. This 2,650 square foot home was built in 1961.

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.

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Multi-Family Active

Price

$ 330,000

Bedrooms

8

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 2,408

Style

Year Built

1961

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11991715

Features
General
Sewer Public Sewer
Heating Natural Gas Electric Baseboard Radiator(s)
Possession Closing
Roof Flat
Year Built 1961
Township Hyde Park
Tax Year 2021
Percent Ownership Fee Simple
Community Features Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 23
Status Active
Directions South to 88th East to Cottage Grove (800 East)
City Chicago
High School District 299
MLS Area CHI - Chatham
Waterfront Y/N N
Street Name Cottage Grove
Tax Annual Amount 2408
Days on Market 8
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Full Finished Exterior Access
Street Suffix Avenue
Total Bedrooms 8
Total Baths 5
Bedrooms Possible 8
Bathrooom Soaking Tub
Full Baths Building 3
Half Baths Building 2
Total Number of Units 2
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Exterior
Water Source Public
Total Parking 0
Lot Dimensions 4041
Exterior Brick
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* Excluded Features
List By
Homesmart Connect Llc

Broker

aris@buyholdorsold.com

Email

Affordability Calculator

$2,506
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,305
Monthly Property Taxes
$201
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2024$330,000 Listed Price

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8825 S Cottage Grove Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $330,000 with 2,650 sqft. 8825 S Cottage Grove Avenue has 8 bedrooms, 5.2 baths, and was built in 1961. The property's zip code is 60619 which is in Chicago, IL