2445 79Th StChicago, IL 60649

Property Details for 2445 79Th St

Year built

1966

Lot size

0.07 AC

Property size (Sq ft)

2,400 SF

Property type

Retail space

APN

19-36-206-006

APU

1936206006

Description

This exceptional multifamily investment opportunity presents a 3-story, terra cotta yellow brick building located at 2445 E 79th Street in Chicago, Illinois, zip code 60649. Currently configured as eight one-bedroom apartments and three stores, the property offers significant upside potential. The building boasts approximately 750 to 1,000 square feet of space and includes a large brick garage. Priced at $299,000, this property is a complete gut renovation, presenting a blank canvas for the next owner. High ceilings throughout the building add to its appeal. Existing plans for conversion into a living facility are available. The property's location in Cook County provides access to a vibrant community and strong rental market. This is an ideal opportunity for an owner-user seeking to create their dream project or for an investor looking for a high-return, value-add investment. The property's size and layout offer flexibility for a variety of uses, making it a truly unique and promising investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,799

  6.5%

  $1,046,583

  7%

  $971,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,752

  Geo Method

  $787,752

• Alternative Use

  Use

  Valuation

  Residential

  $882,832

  Hospitality

  $808,670

  Educational

  $672,804

  Medical

  $695,942

  Retail

  $1,046,583

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7498

Longitude

-87.6846

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].