$330,000 $1,772 est/mo Sourced by Back At You

8825 S Cottage Grove Avenue,Chicago, IL 60619

Chicago IL, 60619

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Description

Presenting a remarkable investment opportunity in the vibrant Chatham neighborhood of Chicago. This multi-unit property, located on South Cottage Grove, offers a unique blend of comfort, convenience and potential. The building features two spacious units, each with its own distinct charm, and a bonus third unit on the lower level. Each unit is currently tenant-occupied on a month-to-month basis, ensuring immediate income potential for the new owner. Both units are rented at a competitive rate of $1,350.00 each, reflecting the desirability of the location and the quality of the living spaces. The lower level is rented at $1150.00/monthly. The property also boasts a convenient laundry hook-up situated on the first floor rear, adding an extra layer of convenience for tenants. This feature not only enhances the prospective appeal of the units but also offers a potential additional income stream for the owner. Investors will appreciate that the building is being offered for sale with a preference for conventional,FHA or cash transactions, facilitating a smooth and expedient transfer process. This multi-unit building represents an excellent opportunity for both seasoned investors and those looking to enter the real estate market. Its prime location in Chatham, coupled with its solid income potential, makes it a must-see on your property list.

Details

MLS#11991715
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1961
Days On Site80
Listing Provided ByHomesmart Connect LLC | Aris Snell

Features

Bed(s)8
Bath(s)5
BasementY
Acreage4041.00

Market Activity 60619

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Chatham
School District299
Elementary School299
Middle School299
High School299
Listing VS Median (in 60619)
Price:
$330,000
low | high
Med:
$197,000
90.30303030303% of Average
On Site:
80
low | high
Med:
62.500000
100% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 3:36:27 PM PDT