Address
8807 S Cottage Grove Avenue, Chicago, IL
Price
$ 380,000
Property Attributes
- MLS#12741172
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Chatham
- NeighborhoodChatham
- Zip60619
- StyleMulti-Family
- Year Built1964
- Taxes$ 12783
- Price$ 380,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.172176 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
INVESTOR OPPORTUNITY - 10-UNIT MULTIFAMILY | 88XX S. COTTAGE GROVE AVE., CHICAGO, IL Value-Add Multifamily Opportunity | 6 One-Bedrooms + 4 Two-Bedrooms Opportunity is knocking for investors looking to acquire a 10-unit multifamily property on Chicago's South Side. The building features an open-air, apartment-style layout consisting of six 1-bedroom/1-bath units and four 2-bedroom/1-bath units, providing a desirable mix for both workforce housing and long-term rental demand. The property currently has rents ranging approximately from $607 to $775 per month, creating a significant potential opportunity for an investor to evaluate the rental income against current market conditions. With comparable units potentially supporting rents in the $900-$1,100+ range, there may be meaningful rental upside and additional income potential through strategic leasing, unit improvements, and professional property management. THE INVESTOR ANGLE 10 total units 6 one-bedroom / 1-bath units 4 two-bedroom / 1-bath units Current rents approximately $607-$775 Potential market rent opportunity to evaluate: approximately $900-$1,100+ Significant value-add potential Opportunity to improve NOI and overall property value Ideal for investors seeking cash-flow improvement and long-term appreciation The opportunity is in the gap. An investor who can strategically manage the property, evaluate renovations, optimize rents, and control operating expenses may have the ability to unlock additional income and increase the property's overall investment value. Bring your numbers, your strategy, and your vision. This could be an excellent value-add addition to an investor's multifamily portfolio
| Price History | |
|---|---|
| 9/3/2026 | Listed $380,000 |
General Features
| Zoning | MULTI |
|---|---|
| Year Built | 1964 |
| Tenant Pays | Electricity |
| Stories Count | 2 |
| Tax Year | 2025 |
| Current Use | Multi-Family |
| Gross Income | 77100 |
| County | Cook |
| Net Operating Income | 38601 |
| Insurance Expense | 10366 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1700 |
| Status | Active |
| Directions | Take Cottage Grove South to the address |
| City | Chicago |
| Number Of Units Total | 10 |
| MLS Area | CHI - Chatham |
| Lot Size Square Feet | 7500 |
| Tax Annual Amount | 12783 |
| Electric Expense | 1550 |
| Fuel Expense | 7200 |
| Trash Expense | 2500 |
| Water Sewer Expense | 1100 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | 50x150 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60619
Price
Taxes
Year Built
Visits
