Chicago, IL 60619,7621 S Cottage Grove AVE
Chicago, IL 60619,7621 S Cottage Grove AVE
Chicago, IL 60619,7621 S Cottage Grove AVE
Chicago, IL 60619,7621 S Cottage Grove AVE
Chicago, IL 60619,7621 S Cottage Grove AVE
Chicago, IL 60619,7621 S Cottage Grove AVE
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$ 2,300,000
Est. payment | /mo

18,000 SqFt


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$ 2,300,000
Est. payment | /mo
Save

18,000 SqFt

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $127

MLS Listing ID 12548055

Annual Tax Amount $147,222

Tax Year 2024

Lot Dimensions 108x124

Property Sub-Type Bus / Bus w/Real Est

Property Description

3-Story California-style exterior corridor motel offering 34-rooms, built in 1974, with separate restaurant building positioned at the front of the property, main-level parking, total land area 13,392 Sq. ft. total building 18,000 Sq. ft. located in the well-established Chatham neighborhood on Chicago's South Side, offering a compelling rehab, redevelopment and potential revenue-generating. Non-franchise motel license". Significant value-add, the City of Chicago does not issue new non-franchise motel licenses. Walking distance to retail, services, and neighborhood amenities. Strong traffic counts. Approximately 1-mile east of the Dan Ryan Expressway, and about 3 miles from the Obama Presidential Library. Situated within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone. City of Chicago support through Grants & TIF funding. Eligible for facade improvements and full building renovation grants. Property qualifies for significant public incentives, with potential of reducing capital outlay and increasing ROI. Below link provides information about the City of Chicago website offering grants.

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Bus / Bus w/Real Est

Structure Type Brick,Concrete

Midwest Real Estate Data (MRED) IDX
Listed by Mark Ahmad of  Century 21 Circle 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 10

    McDade Elementary Classical School

    Public | KG - 6

  • 9

    Earhart Options for Knowledge Elementary School

    Public | KG - 6

  • 8

    McDowell Elementary School

    Public | KG - 5

  • 7

    Dixon Elementary School

    Public | PK - 8

  • 6

    Turner-Drew Elementary Language Academy

    Public | KG - 8

  • 6

    Murray Elementary Language Academy

    Public | KG - 8

  • 5

    Kershaw Elementary School

    Public | PK - 8

  • 5

    Kipling Elementary School

    Public | KG - 8

  • 5

    Sherwood Elementary School

    Public | PK - 8

  • 5

    Beasley Elementary Magnet Academic Center

    Public | PK - 8

  • 5

    Pirie Fine Arts and Academic Center Elementary School

    Public | KG - 6

  • 5

    Burnside Elementary Scholastic Academy

    Public | PK - 8

  • 5

    Ray Elementary School

    Public | PK - 8

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Carnegie Elementary School

    Public | PK - 8

  • 5

    Harte Elementary School

    Public | PK - 8

  • 5

    Hoyne Elementary School

    Public | KG - 6

  • 4

    Fernwood Elementary School

    Public | PK - 8

  • 4

    Evers Elementary School

    Public | KG - 8

Middle Schools 1
  • 0

    Banner Therapeutic Day School

    Private | 7 - 12

High Schools 20
  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 6

    Harlan Community Academy High School

    Public | 9 - 12

  • 6

    Hyde Park Academy High School

    Public | 9 - 12

  • 5

    Simeon Career Academy High School

    Public | 9 - 12

  • 4

    Urban Preparatory Charter Academy Englewood High School

    Public | 9 - 12

  • 3

    Chicago Vocational Career Academy High School

    Public | 9 - 11

  • 2

    Team Englewood Community Academy High School

    Public | 9 - 12

  • 1

    Hope College Preparatory High School

    Public | 9 - 12

  • 1

    Robeson High School

    Public | 9 - 12

  • 1

    Ace Technical Charter High School

    Public | 9 - 12

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 0

    Excel Academy - Englewood High School

    Public | 9 - 12

  • 0

    Leo Catholic High School

    Private | 9 - 12

  • 0

    Pnuema Institute

    Private | 9 - 12

  • 0

    Banner Academy South

    Private | 9 - 12

  • 0

    Hunter-Bolden Academy

    Private | 12 - 12

  • 0

    Dyett High School

    Public | 12 - 12

  • 0

    Magic Johnson - Roseland High School

    Public | 9 - 12

  • 0

    School of Leadership High School

    Public | 11 - 12

  • 0

    Winnie Mandela High School

    Public | 9 - 12

School and business data provided by Attom Data.
Ronda Popp

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7621 S Cottage Grove AVE