SQUARE FEET18,000
MLS#12548055
STATUSActive
PROPERTY TYPECommercial - Investment
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.
Property Features
Property Type: Commercial - Investment
Cooling: Central Air
Lot Size: 0.31 Acres
Stories: 3.0
Feature Descriptions
Exterior: Brick, Concrete
HVAC: Forced Air, Gas
Lot Dimensions: 108x124
Parcel#: 20263080040000
Parking: Fenced
Listed By / Shown By
Listed By
Agency Name: Century 21 Circle
Agency Phone: 773-465-4200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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7621 S Cottage Grove Avenue | MLS# 12548055
This commercial property located at 7621 S Cottage Grove Avenue, Chicago, IL 60619 is currently listed for sale with an asking price of $2,300,000. Search Chicago real estate on www.bhhscrosby.com today.