8237 - 8245 S Cottage Grove Avenue Chicago, IL ^$ 549,000

8237 - 8245 S Cottage Grove Avenue

^$ 549,000

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8237 - 8245 S Cottage Grove Avenue

Chicago, IL, 60619

^$ 549,000

Bedrooms-- Baths-- Sq 6,300

8237 - 8245 S Cottage Grove Avenue, Chicago, IL 60619 - Image 1

Property for Rent in Chicago, IL

for $549,000. This 6,300 square foot property was built in 1954 on a lot size of 0.286961.

Owner retired - motivated sale! Excellent investment or owner-user opportunity in Chicago's desirable Chatham business district. This one-story greystone and brick commercial property features six retail storefronts with strong visibility and 100 feet of frontage along busy Cottage Grove Avenue. The property is currently income-producing with four established tenants in place. Two stores are vacant. Tenants are responsible for all utilities except water. The rear of the property provides ample parking with 12+ spaces, a valuable amenity for both tenants and customers. There are 4 separate pin numbers. With some TLC and the right management from a savvy business owner, this property has the potential to generate substantial income. Sold "as is" condition. The building needs new roof!

Rental Active

Price

^$ 549,000

Taxes

^$ 42,800

Style

Commercial

Lot Size

0.286961

Year Built

1954

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12597834

Features

General

Cooling None

Zoning COMMR

Construction Materials Brick

Year Built 1954

Electric Circuit Breakers Service - 0 to 100 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories Count 1

Township Hyde Park

Property Subtype Neighborhood Storefront

Tax Year 2024

Current Use Commercial

Gross Income 118284

Assoc Fee Paid Per Not Applicable

County Cook

Net Operating Income 22884

Insurance Expense 8000

Property Type Commercial Sale Retail/Stores

Status Price Change

Directions 83rd Street to Cottage Grove Ave turn North to the address.

City Chicago

Number Of Units Total 6

MLS Area CHI - Chatham

Lot Size Square Feet 12500

Tax Annual Amount 42800

Water Sewer Expense 3066

Additional Parcels Y/N Y

Leasable Area 6300

Lease Type Gross

Standard Status Active

Exterior

Building Area Total 6300

Lot Dimensions 100x125

Frontage Type City Street

* Excluded Features

List By

Century 21 Circle

Broker

nha.le@c21circle.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2026	$549,000	-8.35%	Price Down
3/23/2026	$599,000		Listed Price

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8237 - 8245 S Cottage Grove Avenue, Chicago, IL, 60619 is a Property for Rent at $549,000 with 6,300 sqft and a lot size of 0.286961. 8237 - 8245 S Cottage Grove Avenue was built in 1954. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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Data is updated as of 4/14/2026.

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8237 - 8245 S Cottage Grove Avenue

Property for Rent in Chicago, IL

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