Listed by Century 21 Circle, CENTURY 21 Circle
$399,000
8237 - 8245 S Cottage Grove Avenue
Details
APN 20351200120000
Property Type Retail
Sub Type Storefront, Neighborhood Storefront
Units 6
NOI $40,017
Year Built 1954
Lot Size (SqFt) 12,500
Zoning COMMR
Retail
Marketing description
Owner retired - motivated sale! Excellent investment or owner-user opportunity in Chicago's desirable Chatham business district. This one-story greystone and brick commercial property features six retail storefronts with strong visibility and 100 feet of frontage along busy Cottage Grove Avenue. The property is currently income-producing with four established tenants in place. Two stores are vacant. Tenants are responsible for all utilities except water. The rear of the property provides ample parking with 12+ spaces, a valuable amenity for both tenants and customers. There are 4 separate pin numbers. With some TLC and the right management from a savvy business owner, this property has the potential to generate substantial income. Sold "as is" condition. The building needs new roof!
Listing Contacts
Listed by Century 21 Circle, CENTURY 21 Circle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,017.00
$3,334.75/mo
Valuation Metrics
0
DSCR
10.03%
Cap Rate
10.03%
ROI
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