8923 S Cottage Grove Avenue Chicago, IL $ 749,900
8923 S Cottage Grove Avenue
$ 749,900
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8923 S Cottage Grove Avenue

Chicago, IL, 60619
$ 749,900
Bedrooms3 Baths0.0

Monthly Estimate*

$ 4,617

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Multi-Family Home for sale in Chicago, IL

for $749,900 with 3 bedrooms. This home was built in 1964 on a lot size of 0.17.

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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Multi-Family Active

Price

$ 749,900

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 11,035

Style

Multi-Family

Lot Size

0.17

Year Built

1964

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12653957

Features
General
Cooling Central Air Window Unit(s)
Roof Composition
Zoning MULTI
Construction Materials Brick
Year Built 1964
Tenant Pays Electricity
Stories Count 3
Township Hyde Park
Tax Year 2024
Current Use Multi-Family
Gross Income 11035
County Cook
Net Operating Income 59502
Operating Expense 61752
Insurance Expense 5000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status New
Directions South on Cottage Grove to building.
City Chicago
Number Of Units Total 9
MLS Area CHI - Chatham
Lot Size Square Feet 9987
Tax Annual Amount 11035
Electric Expense 4230
Fuel Expense 3760
Trash Expense 1890
Water Sewer Expense 2250
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9.4
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Exterior
Lot Dimensions 50X150
Lot Size Acres 0.17
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

jamielemmons@kw.com

Email

Affordability Calculator

$5,537
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,617
Monthly Property Taxes
$920
Monthly Home Insurance
--
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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$749,900 Listed Price

Map


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8923 S Cottage Grove Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $749,900 with a lot size of 0.17. 8923 S Cottage Grove Avenue has 3 bedrooms, 0.0 baths, and was built in 1964. The property's zip code is 60619 which is in Chicago, IL