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6457-6459 S Cottage Grove Ave 16 Unit Apartment Building $1,475,000 ($92,188/Unit) 9.80% Cap Rate Chicago, IL 60637
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Commercial Units are Fully Occupied
- Located on an Arterial Street: Cottage Grove Ave
- [16] Total Units: [8] Commercial [4] 2BD/1BA [4] 3BD/1BA
- Desirable Woodlawn Location
Executive Summary
Nara Realty Advisors is pleased to exclusively present for purchase 6457 S Cottage Grove Ave, a 16 unit mixed-use property located in Chicago's Woodlawn neighborhood.
Property Facts
| Price | $1,475,000 | Lot Size | 0.13 AC |
| Price Per Unit | $92,188 | Building Size | 18,339 SF |
| Sale Type | Investment | Average Occupancy | 88% |
| Cap Rate | 9.80% | No. Stories | 3 |
| No. Units | 16 | Year Built | 1904 |
| Property Type | Multifamily | Parking Ratio | 0.27/1,000 SF |
| Property Subtype | Apartment | Cross Streets | E 65th St |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | B3-2 - Shopping centers, large stores, and retail storefronts, often along major streets. Apartments permitted above the ground floor. | ||
| Price | $1,475,000 |
| Price Per Unit | $92,188 |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 18,339 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1904 |
| Parking Ratio | 0.27/1,000 SF |
| Cross Streets | E 65th St |
| Opportunity Zone |
Yes |
| Zoning | B3-2 - Shopping centers, large stores, and retail storefronts, often along major streets. Apartments permitted above the ground floor. |
Amenities
Site Amenities
- 24 Hour Access
- On-Site Retail
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-23-102-011-0000 | Improvements Assessment | $82,328 |
| Land Assessment | $5,643 | Total Assessment | $87,971 |
Property Taxes
Parcel Number
20-23-102-011-0000
Land Assessment
$5,643
Improvements Assessment
$82,328
Total Assessment
$87,971
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6457-6459 S Cottage Grove Ave
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