NOT LISTED FOR SALE

8741 S Cottage Grove Ave Chicago, IL 60619

Chatham Neighborhood
11 Beds
6 Baths
-- Sq Ft
1963 Built

Last Sold June 26, 2020

Last sale price $340,000

3 Days on Market

About This Home

As of June 2020

ATTENTION CAP RATE INVESTORS! 10% CAP RATE / 6 UNIT MULTIFAMILY (5 LARGE 2 BED 1 BATH and ONE 1 BED 1 BATH) / 100% OCCUPIED / TENANTS PAY FOR ELECTRIC AND HEAT / OPPORTUNITY FOR RENT INCREASE / $75000 CAPITAL IMPROVEMENTS / MANAGER ON SITE / SOLID HARDWOOD FLOORS THROUGHOUT / NEWER BOILER / ROOF REPAIRED / TUCKPOINTING / UPGRADE 2 CAR GRAGE / ~4 EXTERIOR PARKING / NEWER SECURITY DOORS/ NEWER DOORS/ NEWER LOCKS / LESS THAN 10 MINUTES WALK TO TARGET, WALGREENS, CVS AND TRAIN STATION / VERY CONVENIENT ACCESS TO SHOPPING AND MALLS/ 3 MINUTES DRIVE TO HIGHWAY I94

Last Agent to Sell the Property

Kaveh Jafarabadi

Broker Hill LLC License #471020224 Listed on: 05/19/2020

Last Buyer's Agent

Halina Zdanowski

LPT Realty License #471018308

LPT Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $480
  • Insurance Expense $4,400
  • Manager Expense $9,600

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 32788
  • Outdoor Parking: 1-5 Spaces
  • Roof Structure: Flat
  • Scavenger Expense: 1560
  • Total Annual Exp: 22412
  • Total Annual Income: 55200
  • Total Monthly Income: 4600
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1963

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 7

Utilities

  • Heatventilation: Hot Water
  • Water Expense: 1800

Condo/Co-op/Association

  • Units in Building: 6
  • Manager Expense: 9600

Fee Information

  • Electricity Expense: 360

Lot Info

  • Lot Dimensions: 41 X 150
  • Parcel Identification Number: 25021030420000

Rental Info

  • Gross Rental Income: 55200
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 480
  • Insurance Expense: 4400

Tax Info

  • Taxes: 3912

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $340,000 +3.3% --
05/22/2020 05/22/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $329,000 0.0% --
04/29/2018 04/29/18 Rented $850 0.0% --
04/18/2018 04/18/18 Under Contract -- -- --
04/10/2018 04/10/18 For Rent $850 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10718852

Midwest Real Estate Data (MRED)