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4546 S Cottage Grove Avenue Chicago, IL 60653 • Land - Commercial • Active

  • 4546 S Cottage Grove Avenue, Chicago, IL 60653 Main Photo

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Description

Rare Bronzeville development opportunity offering exceptional value! Two contiguous vacant lots at 4546 and 4548 S. Cottage Grove Avenue are being sold together, providing approximately 7,150 square feet of land with B1-1 zoning. With Northwestern Medicine's expanding presence in the area and significant redevelopment underway along Cottage Grove, this highly visible location presents outstanding potential for a commercial, residential, mixed-use, or investment development. Nearby land on the block has sold for more than $1 million, making this offering an especially compelling opportunity for developers and investors. The property is conveniently located near Armstrong Park, Gwendolyn Brooks Park, Hyde Park, the University of Chicago, DuSable Lake Shore Drive, and Downtown Chicago. Approximate parcel dimensions: 4546 S. Cottage Grove: 25' 170' - approximately 4,250 sq. ft. 4548 S. Cottage Grove: 25' 116' - approximately 2,900 sq. ft. Combined land area: approximately 7,150 sq. ft. Current zoning: B1-1 Take advantage of the continued growth and investment occurring throughout this vibrant Bronzeville corridor. The two parcels are being offered together. Buyer must verify zoning, allowable uses, lot dimensions, and development requirements with the City of Chicago.

Property Highlights

Property Type: Land - Commercial
Total Acres: 0.16 Acres
Utilities: None

General Information

County: Cook
Listed By:
Coldwell Banker Realty 773-451-1200
MRED MLS
$429,000
Est. $2,977/mo
Active
LOT SIZE 0.160 acres MLS#12737695
STATUSActive PROPERTY TYPELand - Commercial SCHOOLDistrict 299

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4546 S Cottage Grove Avenue, Chicago, IL 60653.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $429,000$429,000$429,000
Down Payment $85,800$15,015$107,250
Monthly Mortgage Amount $2,255$2,767$2,759
Taxes $597$597$597
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$189$0
Monthly Estimated Total $2,977$3,678$3,481

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