Address
7318 S Cottage Grove Avenue, Chicago, IL
Price
$ 300,000
Property Attributes
- MLS#12744098
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Greater Grand Crossing
- NeighborhoodGrand Crossing
- Zip60619
- StyleOffice
- Year Built1922
- Taxes$ 20815
- Price$ 300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3500
- Lot Size0.28 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Own your building instead of renting it. Free-standing two-suite commercial property with private fenced parking lot on busy Cottage Grove Ave. Occupy the 1,500 SF suite - five private offices, reception, bath, separate entrance - and lease the adjoining 1,900 SF suite to supplement mortgage. Wrought iron fencing and on-site parking set this apart from storefront space in the area, and the private office layout is ready for professional, medical, insurance, tax or service-business use with minimal buildout. Excellent visibility and daily traffic. [SBA 504 financing may be available to qualified owner-occupants.] Creative Financing Strategies Available. Contact Listing Agent. Motivated seller. Sold as-is.
| Price History | |
|---|---|
| 8/27/2026 | Listed $300,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Construction Materials | Brick,Concrete |
| Year Built | 1922 |
| Electric | Circuit Breakers |
| Tenant Pays | Common Area Maintenance,Electricity,Heat,Taxes,Repairs,Scavenger,Sewer,Other |
| Stories Count | 1 |
| Township | Hyde Park |
| Property Subtype | Office |
| Tax Year | 2024 |
| Current Use | Office |
| Gross Income | 4000 |
| Additional Parcels Description | 20272230260000 |
| County | Cook |
| Net Operating Income | 24000 |
| Operating Expense | 28000 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Cottage Grove to address. Property is on the west side of the street. |
| City | Chicago |
| Number Of Units Total | 2 |
| MLS Area | CHI - Greater Grand Crossing |
| Lot Size Square Feet | 9600 |
| Tax Annual Amount | 20815.81 |
| Additional Parcels Y/N | Yes |
| Standard Status | Active |
| Property Type | Office/Tech |
Interior Features
| Flooring | Carpet |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 3500 |
| Lot Dimensions | 120X80 |
| Lot Size Acres | 0.28 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60619
Price
Taxes
Year Built
Visits
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