7643 S Cottage Grove Avenue

Chicago, Illinois 60619

Closed / MLS #11673463 / Commercial / Mixed Use / Greater Grand Crossing

Listing information updated 8/16/2023 at 9:43pm

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!

Full Features

Built:

1923

Cooling System:

Central Air

Stories:

Zoning:

COMMR

Building Square Feet:

5,016

Taxes & Assessments

Tax Amount:

$14,077

Tax Year:

2020

Location

Zip Code:

60619

City:

Chicago

County:

Cook

Listing Office: EXIT Strategy Realty

Listing Office Phone: 312.554.5478

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/16/2023 at 9:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Greater Grand Crossing, IL

Named for its proximity to a historic railroad intersection, Greater Grand Crossing is a community made up of small pocket neighborhoods on Chicago’s South Side. Since the community’s inception at the turn of the 20th century, homes in the popular bungalow style have been a mainstay. But a recen...

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Metra

Metra Electric Main Branch line at Chatham Metra

$192,701

Average Sale Price

117

Average Days On The Market

94%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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7643 S Cottage Grove Avenue is a commercial / mixed use which sold for $200,000. This commercial / mixed use has been listed on @properties since November 15th, 2022 and was built in 1923. The nearest transit stops include Chatham Metra Metra Metra Electric Main Branch line.