Property Overview
Interra Realty LLC has been exclusively engaged to present for sale 8907-09 S. Cottage Grove Ave. A center entrance, 10 unit mixed use asset featuring (2) ground floor commercial units occupied by a day care with a 20 year occupancy history and (8) 1 BD/1 BA units. Located in Chicago's Chatham neighborhood off a main commercial throughfare, the property has been pridefully maintained and managed by a long term ownership group and presents a significant value add component by bringing rents to market levels upon tenant turnover.
Current ownership has renovated all units with indiviaul furnances and water tanks throughout. A qualified investor has the opportunity to acquire a turn key, well managed, stabilized asset in one of Chicago's fastest appreciating submarkets with the ability to continue to increase rents to the top of the market.
Highlights
- (8) 1 BD/1 BA & (2) Ground Floor Commercial
- Long Standing Commercial Tenant/20+ Years Of Occupancy
- In Unit Furnaces and Water Tanks Throughout
- Under Market Rents (AVG 1 BD Rent: $712)
- All Units Renovated with Updated Kitchens and Baths
- Long Term Ownership Group/First Time Being Offered for Sale in 25 Years
- 5 Parking Spaces in Rear of Property