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7643 S Cottage Grove Avenue

Chicago, Illinois, 60619, United States

Property ID: #381784 // commercial
7643 S Cottage Grove Avenue
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Traditional Sale
List Price:
$265,000.00
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Icon 5,016 ft²
Icon - acres
Icon - beds
Icon - baths
Address
7643 S Cottage Grove Avenue
City
Chicago
State
Illinois
Zip Code
60619
County
Cook
Country
United States
Property Type
Commercial
Additional Property Types
Other
Year Built
1923
Property Size
5,016 ft²
Data Source
Midwest Real Estate Data, LLC
Listing Link
MLS Number(s)
11673463
Status
Listed / Active

Property Information

As is, whereis...Welcome to the best of both worlds! This property is the one that you have been waiting for right in the greater Chatham Area. 7643-45 is offering 8 residential units (all significantly below market rent) upstairs all with 1 bath, (6) studio, (1) 1br, and (1) 2br. Come in and add your finishes and updates to the residential spaces and raise the rent to maximize your profit! Retail spaces include a Restaurant and Lounge, which currently occupies 2 (of the 3) retail spaces. All units and retail are currently occupied. For Business and Commercial corridors the Community Reinvestment Act (CRA) has several different grants and other funding to assist Business Owners with revitalization right in this community. Some of the current eligible programs include TIF, Tax Credits and Opportunity Zone which can oftentimes be layered to help local businesses. Bring your offers and schedule your tour!

Directions

76th to Cottage Grove going south

Source Disclaimer

Copyright © 2023 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Provided By

  • Cassandra Sneed
  • Exit Strategy Realty
  • +1 (773) 503-3352
Cashifyd
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