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8213 S Cottage Grove Ave - 10.98% Cap Rate | 10 Units 10 Unit Apartment Building Offered at $570,000 at a 10.98% Cap Rate Chicago, IL 60619
INVESTMENT HIGHLIGHTS
- Six (6) 1Bd/1Ba, Two (2) 2Bd/2Ba, & Two (2) Commercial Units
- Individually Furnaced
- Prime Chatham Location
- Modern 600 AMP Electrical Service
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively offer for purchase 8213 S. Cottage Grove, a meticulously maintained ten (10) unit building in Chicago's historic Chatham neighborhood. Located just three (3) block south of the 79th Street Corridor, the building offers convenient access to CTA bus and train stops, I-94, and Chicago's downtown.
8213 S. Cottage Grove is comprised of two (2) 2Bd/1Ba, six (6) 1Bd/Ba, and two (2) commercial units. All of which feature spacious units with hardwood floors throughout. Recent improvements to the building include, newer 600 Amp electric service, individual furnaces, new hot water heater (2025) and storage tanks (2017).
8213 S. Cottage Grove presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate over 10% and a cash return of 17.87%. Furthermore, by raising rents to levels already being achieved in the building and surrounding area, an investor could achieve a cap rate over 14% and a cash return of 35%.
8213 S. Cottage Grove is comprised of two (2) 2Bd/1Ba, six (6) 1Bd/Ba, and two (2) commercial units. All of which feature spacious units with hardwood floors throughout. Recent improvements to the building include, newer 600 Amp electric service, individual furnaces, new hot water heater (2025) and storage tanks (2017).
8213 S. Cottage Grove presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate over 10% and a cash return of 17.87%. Furthermore, by raising rents to levels already being achieved in the building and surrounding area, an investor could achieve a cap rate over 14% and a cash return of 35%.
PROPERTY FACTS Under Contract
| Price | $570,000 | Property Type | Multifamily |
| Price Per Unit | $57,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 8,111 SF |
| Cap Rate | 10.98% | No. Stories | 3 |
| No. Units | 10 | Year Built | 1928 |
| Zoning | BS-3 | ||
| Price | $570,000 |
| Price Per Unit | $57,000 |
| Sale Type | Investment |
| Cap Rate | 10.98% |
| No. Units | 10 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 8,111 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | BS-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 2 | - | 600 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 20-35-120-004-0000 | Improvements Assessment | $359 |
| Land Assessment | $3,125 | Total Assessment | $3,484 |
PROPERTY TAXES
Parcel Number
20-35-120-004-0000
Land Assessment
$3,125
Improvements Assessment
$359
Total Assessment
$3,484
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8213 S Cottage Grove Ave - 10.98% Cap Rate | 10 Units
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