7448 South Cottage Grove Avenue
7448 South Cottage Grove Avenue
$244,900
8
4
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Closed 11/28/22
Description
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....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!
Property Details for 7448 South Cottage Grove Avenue
Area
CHI - Greater Grand Crossing
TownshipHyde Park
OwnershipFee Simple
Num Of Cars0.0
Heat/FuelNatural Gas, Forced Air
ZoningCOMMR
Location
LISTING UPDATED: 11/28/2022 12:43 PM
Property Details for 7448 South Cottage Grove Avenue
Status | Closed |
---|---|
MLS # | 11611326 |
Days on Market | 97 |
Taxes | $2,833 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1920 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Location
Building Information for 7448 South Cottage Grove Avenue
Stories-Residences2Year Built1920Building Size-Lot Size0.07 AC / 3,125 SF
Payment Calculator
$1,573 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7448 South Cottage Grove Avenue
Property History for 7448 South Cottage Grove Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7448 South Cottage Grove Avenue
Taxable ValueLand$3,875Additions$6,125Total$10,000
Tax Record2022$2,057 ($171 / month)
Home Facts
Baths2.5Total Finished SqFt3,613 SqFtAbove Grade Finished SqFt3,613 SqFtStories2Lot Size3,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN20-27-231-029
Schools near 7448 South Cottage Grove Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Tanner Elementary School PublicPK to 8 | ||
Hirsch Metropolitan High School Public9 to 12 | ||
Gary Comer College Prep Charter6 to 12 | ||
South Shore Fine Arts Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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