Sold for $244,900 on 11/28/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 8 |
— |
1920 |
— |
0 |
$2,833 |
648 days |
7448 S. Cottage Grove, originally a 2-unit mixed-use property (Retail + residential up) was long ago converted to 100% residential use and is composed of 2 jumbo 4BR/2BA apartments that generate $30,336 in annual income, with an in-place cap rate of 9%. These apartments are BIG and this operator fully renovated the building several years ago shifting the utility burden to the tenants, which means very low operating expenses! Hungry? There's plenty of restaurant options along 75th St. & Cottage Grove. Need to get downtown? The CTA #4 Bus is right out front and the Metra Cottage Grove station is only a short walk. Need to get out of Dodge? The Chicago Skyway is just down the block. Considering early retirement? Leak & Sons funeral home is around the corner and a short hearse ride down Cottage! Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!
Listing courtesy of SRFG, Inc
7448 S Cottage Grove Ave. is a multi-unit home built in 1920, and is located in Chicago, IL, in the Grand Crossing neighborhood. It has 8 bedrooms and — bathrooms, and has annual property taxes of $2,833.
Marco Amidei
(888) 32-Marco (847) 630-4886
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