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$749,900
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Property Description
Exceptional investment opportunity on Cottage Grove Avenue! This well-maintained 9-unit masonry apartment building, built in 1964, is a 3-story walk-up offering approximately. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing strong rental appeal and income potential. Additional amenities include five on-site parking spaces and convenient coin-operated laundry for tenant use. Zoned RT-4 (legal pre-existing non-conforming), the property offers added flexibility for investors. Ownership currently covers heat/gas, hot water gas, water/sewer, trash, and common electric expenses. Recent capital improvements include a new heating system and hot water system, adding long-term value and efficiency. A prime opportunity to own a solid multifamily asset in a desirable location! Commerical lending approval or POF prior to all showings are required.
Full Property Details
Full Property Details for 8923 S Cottage Grove Ave
General
- Price: $749,900
- Taxes: $11,035 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12653957
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: South on Cottage Grove to building.
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Gas, Baseboard
Utilities
- Trash: 1890
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Composition
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1964
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 9,987
- Lot Dimensions: 50 x 150
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,000
- Operating Expenses: $61,752
- Assessment Year: 1964
- Tax Amount: $11,035
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 4230
- Pays Trash: 1890
Disclosures and Reports
- Property ID: 25021070010000
Listed by Keller Williams Preferred Rlty
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Schools
Schools serving 8923 S Cottage Grove Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Washington H Elementary School 9130 South University Avenue, Chicago, IL 60619 | K-8 | 0.5 mi |
Harlan Community Academy High School 9652 South Michigan Avenue, Chicago, IL 60628 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 8923 S Cottage Grove Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,501
—
$42,800
32%
2023
$8,501
3%
$32,521
—
2022
$8,222
2%
$32,521
—
2021
$8,098
-39%
$32,521
-34%
2020
$13,194
11%
$48,951
—
2019
$11,875
1%
$48,951
—
2018
$11,717
-5%
$48,951
2%
2017
$12,355
7%
$48,222
—
2016
$11,541
8%
$48,222
—
2015
$10,682
-1%
$48,222
—
2014
$10,836
2%
$48,222
—
2013
$10,620
2%
$48,222
—
2012
$10,366
—
$48,222
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8923 S Cottage Grove Ave
8923 S Cottage Grove Avenue, Chicago, IL 60619 (MLS# 12653957) is a Commercial property. 8923 S Cottage Grove Avenue is currently listed for $749,900 and was received on May 26, 2026. Want to learn more about 8923 S Cottage Grove Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

