Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60619
Cottage Grove
7621
Avenue
W88° 23' 41.9''
N41° 45' 22.2''
Expressway-76th east-Cottage Grove Ave. south- address. Expressway-79th St.-Cottage Grove Ave. South -address
CHI - Greater Grand Crossing
S
Additional Information
18000
Hotel/Motel
: Brick , Concrete
108x124
3
Century 21 Circle
Mark Ahmad
Financial
147222
Listing Information
108508
10560
Active
2026-03-11T16:15:06Z
MRED
2026-01-22T06:05:18Z
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.

Business Opportunity For Sale

7621 S Cottage Avenue, Chicago, Illinois 60619

$2,300,000
Listing ID#12548055
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Basic Details
Property Type : Business Opportunity
Listing Type : For Sale
Listing ID : 12548055
Price : $2,300,000
Listing Status : Active
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