$2,200,000
( $122.22Per Sq Foot )
 $11,810 est/mo Sourced by Back At You

7621 S Cottage Grove Avenue,Chicago, IL 60619

Chicago, IL 60619

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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.

Details

MLS #12548055
Listing TypeFor Sale
StyleBus / Bus W/real Est
Sub-TypeResale
StatusActive
Days On Site236
Listing Provided ByCentury 21 Circle | Mark Ahmad

Features

SQ Feet18,000
Story(s)3
Acreage0.31

Interior

CoolingCentral Air

Exterior

Construction MaterialsBrick, Concrete

Taxes

Tax Year2024
Tax Annual Amount147222

Area Information

StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Greater Grand Crossing
Listing VS Median (in 60619)
Price:
$2,200,000
low | high
Med:
$177,000
100% of Average
sqft:
18,000
low | high
Med:
2,600
100% of Average
$ / sqft:
$122
low | high
Med:
$107
62.379807692308% of Average
On site:
236
low | high
Med:
75
100% of Average
Sourced by Back At You

Market Activity 60619

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Contact

Learn More About This Property

Daniel and Associates Real Estate

Daniel and Associates Real Estate

 (630) 231-8090daareoffice@daare.com
StateIL
CountyCook
CityChicago
Zip Code60619
AreaCHI Greater Grand Crossing
Listing VS Median (in 60619)
Price:
$2,200,000
low | high
Med:
$177,000
100% of Average
sqft:
18,000
low | high
Med:
2,600
100% of Average
$ / sqft:
$122
low | high
Med:
$107
62.379807692308% of Average
On site:
236
low | high
Med:
75
100% of Average
Sourced by Back At You
Listing Updated: August 31, 2026 at 1:08:35 PM PDT
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