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

Key Details

Sale Price
$725,000
Number of Units
Eight (8) + Two (2) Retail
Submarket
Chatham