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7448 S Cottage Grove Avenue

Chicago, IL 60619
  • $248,900
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 11355805
UPDATED: 33 min ago
$248,900
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:
299

Description

7448 S. Cottage Grove, originally a 2-unit mixed-use property (Retail + residential up) was long ago converted to 100% residential use and is composed of 2 jumbo 4BR/2BA apartments that generate $30,336 in annual income, with an in-place cap rate of 9%. These apartments are BIG and this operator fully renovated the building several years ago shifting the utility burden to the tenants, which means very low operating expenses! Hungry? There's plenty of restaurant options along 75th St. & Cottage Grove. Need to get downtown? The CTA #4 Bus is right out front and the Metra Cottage Grove station is only a short walk. Need to get out of Dodge? The Chicago Skyway is just down the block. Considering early retirement? Leak & Sons funeral home is around the corner and a short hearse ride down Cottage! Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2022-05-18T15:03:11.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7448 S Cottage Grove Avenue Chicago, IL 60619

  • Price: $248,900
  • Status: Active
  • On Site: 54 Days
  • Updated: 33 min ago
  • MLS #: 11355805
8
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Chi - Greater Grand Crossing
County:
Cook
Area:
Chi - Greater Grand Crossing
School District:
299
Property Description
7448 S. Cottage Grove, originally a 2-unit mixed-use property (Retail + residential up) was long ago converted to 100% residential use and is composed of 2 jumbo 4BR/2BA apartments that generate $30,336 in annual income, with an in-place cap rate of 9%. These apartments are BIG and this operator fully renovated the building several years ago shifting the utility burden to the tenants, which means very low operating expenses! Hungry? There's plenty of restaurant options along 75th St. & Cottage Grove. Need to get downtown? The CTA #4 Bus is right out front and the Metra Cottage Grove station is only a short walk. Need to get out of Dodge? The Chicago Skyway is just down the block. Considering early retirement? Leak & Sons funeral home is around the corner and a short hearse ride down Cottage! Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!
Exterior Features

Exterior Building Type Brick Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details None Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 8 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 16

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 30336 Mls Actual Status Active Net Operating Income 22874 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2005 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2833 Tax Year 2020 Total Numberof Unitsin Building 2 Total Rental Income 2528 Township Hyde Park Type Two To Four Units Water Source Lake Michigan Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Srfg, Inc.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2022-05-18T15:03:11.01 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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