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7643 S Cottage Grove Avenue Chicago, IL 60619
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Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $39
MLS Listing ID 11673463
Sold Date 08/14/23
Year Built 1923
Annual Tax Amount $14,077
Tax Year 2020
Lot Dimensions 50 X 125
Property Description
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!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Bought with Roy Hollis • Keller Williams ONEChicago
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