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Listing provided courtesy of Century 21 CircleMREDas Distributed by MLSGrid- MLS# 12597834MLS Provider

8237 - 8245 S Cottage Grove AvenueChicago, IL 60619

Commercial · 6,300 Sq. ft.
$375,000 Price Change

8237 - 8245 S Cottage Grove Avenue Overview

Time on Site:
99 days
Visits:
0

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!

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8237 - 8245 S Cottage Grove Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,300
  • Price/Sq.ft. $60

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Other Expense: 4000
  • Existing Lease Type: Gross
  • Gross Income: 118284
  • Gross Scheduled Income: 97884
  • Insurance Expense: 8000
  • Net Operating Income: 40017
  • Water Sewer Expense: 3066

Building Information

  • Year Built: 1954

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Chatham
  • Township: Hyde Park

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $42,800.48
  • Tax Year: 2024

General Information

  • Parcel Number: 20351200120000
  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6300

General Information

  • Cooling: None
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Leasable Area: 6300
  • Stories: 1

Unit Information

  • Unit SqFt.: 1050

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 100x125
  • Lot Size Square Feet: 12500

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

8237 - 8245 S Cottage Grove Avenue Neighborhood

Community

60619 (Chicago) Demographics

42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8237 - 8245 S Cottage Grove Avenue Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8237 - 8245 S Cottage Grove Avenue Market Data

Based on the last 30 days in this zip code

$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

8237 - 8245 S Cottage Grove Avenue History

Date Event Value Agent
6/29/2026Source: MRED Price Reduction
$375,000 -6.0%
6/29/2026Source: MRED Status Change
Price Change
6/15/2026Source: MRED Status Change
Active
6/10/2026Source: MRED Price Reduction
$399,000 -11.1%
6/10/2026Source: MRED Status Change
Price Change
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Price Reduction
$449,000 -10.0%
6/3/2026Source: MRED Status Change
Price Change
5/11/2026Source: MRED Status Change
Active
5/6/2026Source: MRED Price Reduction
$499,000 -9.1%
5/6/2026Source: MRED Status Change
Price Change
4/15/2026Source: MRED Status Change
Active
4/10/2026Source: MRED Price Reduction
$549,000 -8.3%
4/10/2026Source: MRED Status Change
Price Change
3/28/2026Source: MRED Status Change
Active
3/23/2026Source: MRED Added to Database
March 23, 2026