Multi-Family Space For Lease @ 8416 S Cottage Grove Ave

SVN is pleased to present the Chatham Grove Apartments which is comprised of seven contiguous buildings and 240 units. The unit mix consists of (216) 1 bed 1 bath and (24) 2 bed 1 bath. Heat is provided by central boilers. The apartment complex has a laundry facility and 125 parking lot spaces.

Major capital improvements include the main boiler 2022 and the 3 remaining boilers in 2016 with new hot water tanks. Renovated units with updated flooring, kitchens, and new appliances. Majority of the porches are new, updated roofs, partial tuckpointing, newer windows and laundry facility.

The acquisition presents an excellent opportunity for an investor to acquire a stabilized 240-unit multifamily complex with 94% occupancy in a strong location with value add potential. This space offers accomodations for: lowrisegarden.