FOR SALE
Local Information
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Description
Presenting a remarkable investment opportunity in the vibrant Chatham neighborhood of Chicago. This multi-unit property, located on South Cottage Grove, offers a unique blend of comfort, convenience and potential. The building features two spacious units, each with its own distinct charm, and a bonus third unit on the lower level. Each unit is currently tenant-occupied on a month-to-month basis, ensuring immediate income potential for the new owner. Both units are rented at a competitive rate of $1,350.00 each, reflecting the desirability of the location and the quality of the living spaces. The lower level is rented at $1150.00/monthly. The property also boasts a convenient laundry hook-up situated on the first floor rear, adding an extra layer of convenience for tenants. This feature not only enhances the prospective appeal of the units but also offers a potential additional income stream for the owner. Investors will appreciate that the building is being offered for sale with a preference for conventional,FHA or cash transactions, facilitating a smooth and expedient transfer process. This multi-unit building represents an excellent opportunity for both seasoned investors and those looking to enter the real estate market. Its prime location in Chatham, coupled with its solid income potential, makes it a must-see on your property list.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
57 days ago
Home Details for 8825 S Cottage Grove Ave
Active Status |
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MLS Status: Active |
Interior Features |
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Interior Details Basement: FullNumber of Rooms: 23Types of Rooms: Bathroom |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 2 |
Heating & Cooling Heating: Natural Gas,Electric,Baseboard,Radiator(s)Has HeatingHeating Fuel: Natural Gas |
Exterior Features |
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Exterior Home Features Roof: Flat |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 57 |
Property Information |
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Year Built Year Built: 1961 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: BrickNot a New Construction |
Property Information Parcel Number: 25021040080000 |
Price & Status |
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Price List Price: $330,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
Location |
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Direction & Address City: Chicago |
School Information Elementary School District: 299Jr High / Middle School District: 299High School District: 299 |
Agent Information |
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Listing Agent Listing ID: 11991715 |
Community |
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Community Features: Sidewalks, Street Lights, Street Paved |
Lot Information |
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Lot Area: 4041 sqft |
Listing Info |
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Special Conditions: None |
Compensation |
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Buyer Agency Commission: 2.5%-$350Buyer Agency Commission Type: See Remarks: |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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BasementMls Number: 11991715 |
Additional Information |
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SidewalksStreet LightsStreet PavedMlg Can ViewMlg Can Use: IDX |
Last check for updates: about 16 hours ago
Listing courtesy of: Aris Snell, (847) 461-8400
Homesmart Connect LLC
Source: MRED as distributed by MLS GRID, MLS#11991715
Price History for 8825 S Cottage Grove Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/02/2024 | $330,000 | Listed For Sale | MRED as distributed by MLS GRID #11991715 |
| 06/12/2019 | $215,000 | ListingRemoved | Agent Provided |
| 10/06/2018 | $215,000 | Listed For Sale | Agent Provided |
| 09/29/2008 | $289,000 | ListingRemoved | Agent Provided |
| 07/25/2008 | $289,000 | PriceChange | Agent Provided |
| 07/01/2008 | $340,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 8825 S Cottage Grove Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.16 | Multi-Family Home | $302,100 | 02/28/24 | 6 | 2 | - | |
0.29 | Multi-Family Home | $195,000 | 06/26/23 | 10 | 4 | - | |
0.29 | Multi-Family Home | $300,000 | 06/29/23 | 6 | 2 | - | |
0.26 | Multi-Family Home | $265,000 | 02/02/24 | 6 | 2 | - | |
0.20 | Multi-Family Home | $150,000 | 05/30/23 | 4 | 2 | - | |
0.30 | Multi-Family Home | $232,000 | 08/11/23 | 4 | 2 | - | |
0.19 | Multi-Family Home | $185,000 | 07/17/23 | 4 | 2 | - | |
0.49 | Multi-Family Home | $398,000 | 04/19/24 | 9 | 6 | - | |
0.57 | Multi-Family Home | $40,000 | 09/19/23 | 6 | 2 | - | |
0.77 | Multi-Family Home | $190,000 | 09/26/23 | 6 | 3 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Burnside
- Trulia User
- Resident
- 11mo ago
"There are many families in the neighborhood and kids are always at the park during the summer, however the park district can do better with the scheduled summer programs "
- Trulia User
- Resident
- 11mo ago
"Easy access to the expressways and interstate highways. Local parks. Near rainbow beach. Lakefront weather. "
- Trulia User
- Resident
- 1y ago
"I don't know there haven't been anything or any community events in theis area since I moved around."
- Trulia User
- Resident
- 1y ago
"I believe long as you keep to yourself it should be ok, I see many children in this neighborhood everyday. "
- Daring6975
- Resident
- 4y ago
"During the Summer. There are different events at Chicago State University and Tuley Park. Kids Trick or Treat on Halloween. "
- ChrisRickett
- Resident
- 4y ago
"I drive everywhere I go, so I have no problem whatsoever with my commute... but I will say, that when I was traveling by public transportation, I had no problem getting anywhere, public trans is right in walking distance to travel anywhere you desire."
- Shurii
- Resident
- 4y ago
"I have lived in this area for over 15 years. The good thing is all the neighbors get along and are like family. But the neighborhood is not what it used be. You used to be sit on your porch all types of night with peace & quiet now you hear gunshots, ppl arguing & fighting all types of night. "
- Annie
- Resident
- 4y ago
"Lots of families, most of which have been here for years. Burnside is a great school, Tuley park is a great after school alternative care and neighbors are friendly. Dont be fooled by the propoganda."
- Shana S.
- Resident
- 5y ago
"My 6 year old son loves it here! And says he’s glad i picked a safe neighborhood because he likes it here ??"
- Gregspencer8231
- Resident
- 5y ago
"I've been a Chatham resident for a long time. Grew up in the area all my life. Out of the many changes in the neighborhood. It's still one of the coolest area that I can be."
- Natasha D. E.
- Resident
- 5y ago
"I love this neighborhood. I don’t want to move out. It is too convenient. My children attend school here and I work in the area"
- Prolificdevelopersllc
- Resident
- 6y ago
"This is a great safe community in a very convenient location. Clean neighborhood and nice neighbors. It is quiet and clean with schools, churches, amd shopping close by. No car needed."
- Lanlawlav2007
- Resident
- 6y ago
"I live in this neighborhood and my neighbors are very friendly. My kids play outside fine and they go to school right around the corner. Its a beautiful place to stay."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Aris Snell, Homesmart Connect LLC
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
8825 S Cottage Grove Ave, Chicago, IL 60619 is a 6 bedroom, 4 bathroom multi-family built in 1961. 8825 S Cottage Grove Ave is located in Burnside, Chicago. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Mar 2, 2024. The MLS # for this home is MLS# 11991715.