505 W 79th Street
Chicago, IL, 60620
$410,000
Beds
0 Baths
3,300 SqFt
0 Acres
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$410,000
505 W 79th Street
Chicago, IL, 60620
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Welcome to this exceptional investment opportunity in the heart of vibrant and bustling Auburn Gresham. This multi-unit building boasts tremendous potential with six apartments, three spacious storefronts, and a full basement, offering an array of possibilities for savvy investors or entrepreneurs looking to capitalize on the area’s growth. The building features six apartments, each with its own unique layout and potential. With a mix of 1 and 2 unit sizes, there is an opportunity to cater to a diverse tenant base, maximizing rental income potential once renovated. The apartments are situated on a highly visible corner, the three storefronts offer excellent exposure and foot traffic. Imagine the possibilities for retail shops, cafes, restaurants, or even office spaces, attracting patrons from both local residents and passersby. The expansive full basement presents a blank canvas for additional storage, utility space, or even the potential to create additional usable areas, further enhancing the property’s value. Nestled in a sought-after area, this property benefits from its strategic corner location, ensuring high visibility and easy accessibility for both tenants and customers. The neighborhood’s dynamic atmosphere and diverse amenities make it a prime destination for businesses and residents alike. Bring your imagination and expertise to transform this diamond in the rough into a gem that will surely yield significant rewards. Schedule a showing today and seize this remarkable opportunity!

Property Details

Price:
$410,000
MLS #:
MRD11848194
Status:
Active
Beds:
0
Baths:
0
Address:
505 W 79th Street
Type:
Commercial
City:
Chicago
Listed Date:
Aug 1, 2023
State:
IL
Finished Sq Ft:
3,300
ZIP:
60620
Year Built:
1889

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2.5% – $395Net Sale Price
Net Operating Income
$3,450
Tax Year
2021
Taxes
$11,124
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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505 W 79th Street
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