8807 S Cottage Grove Avenue Chicago, IL $ 380,000
8807 S Cottage Grove Avenue
$ 380,000
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8807 S Cottage Grove Avenue

Chicago, IL, 60619
$ 380,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 2,399

8807 S Cottage Grove Avenue, Chicago, IL 60619 - Image 1
8807 S Cottage Grove Avenue, Chicago, IL 60619 - Image 2
8807 S Cottage Grove Avenue, Chicago, IL 60619 - Image 3
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8807 S Cottage Grove Avenue, Chicago, IL 60619 - Image 8

Multi-Family Home for sale in Chicago, IL

for $380,000 with 3 bedrooms. This home was built in 1964 on a lot size of 0.172176.

INVESTOR OPPORTUNITY - 10-UNIT MULTIFAMILY | 88XX S. COTTAGE GROVE AVE., CHICAGO, IL Value-Add Multifamily Opportunity | 6 One-Bedrooms + 4 Two-Bedrooms Opportunity is knocking for investors looking to acquire a 10-unit multifamily property on Chicago's South Side. The building features an open-air, apartment-style layout consisting of six 1-bedroom/1-bath units and four 2-bedroom/1-bath units, providing a desirable mix for both workforce housing and long-term rental demand. The property currently has rents ranging approximately from $607 to $775 per month, creating a significant potential opportunity for an investor to evaluate the rental income against current market conditions. With comparable units potentially supporting rents in the $900-$1,100+ range, there may be meaningful rental upside and additional income potential through strategic leasing, unit improvements, and professional property management. THE INVESTOR ANGLE 10 total units 6 one-bedroom / 1-bath units 4 two-bedroom / 1-bath units Current rents approximately $607-$775 Potential market rent opportunity to evaluate: approximately $900-$1,100+ Significant value-add potential Opportunity to improve NOI and overall property value Ideal for investors seeking cash-flow improvement and long-term appreciation The opportunity is in the gap. An investor who can strategically manage the property, evaluate renovations, optimize rents, and control operating expenses may have the ability to unlock additional income and increase the property's overall investment value. Bring your numbers, your strategy, and your vision. This could be an excellent value-add addition to an investor's multifamily portfolio

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Multi-Family Active

Price

$ 380,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 12,783

Style

Multi-Family

Lot Size

0.172176

Year Built

1964

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12741172

Features
General
Zoning MULTI
Year Built 1964
Tenant Pays Electricity
Stories Count 2
Tax Year 2025
Current Use Multi-Family
Gross Income 77100
County Cook
Net Operating Income 38601
Operating Expense 0
Insurance Expense 10366
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1700
Status New
Directions Take Cottage Grove South to the address
City Chicago
Number Of Units Total 10
MLS Area CHI - Chatham
Lot Size Square Feet 7500
Tax Annual Amount 12783
Electric Expense 1550
Fuel Expense 7200
Trash Expense 2500
Water Sewer Expense 1100
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 50x150
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* Excluded Features
List By
Abs Property Consulting

Broker

khomes@allk2.com

Email

Affordability Calculator

$3,465
Per Month
69%
31%
0%
Monthly Principal & Interest
$2,399
Monthly Property Taxes
$1,065
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$380,000 Listed Price

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8807 S Cottage Grove Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $380,000 with a lot size of 0.172176. 8807 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