2032 E 79th StreetChicago, IL 60649

Description

Located along the rapidly re-emerging 79th Street Corridor in HIGHLY SOUGHT-AFTER SOUTH SHORE, this MIXED-USE investment opportunity offers tremendous upside for investors and owner-operators alike. The property features approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT SPACE, two OVERSIZED 3-BEDROOM residential units, and PARKING FOR 5+ VEHICLES. This B3-2 ZONED asset is WELL-POISED for stabilization, repositioning, or long-term REDEVELOPMENT, with potential access to valuable funding resources including TIF, SBIF, CDBG, NMTC, energy efficiency incentives, and other community development programs designed to enhance investment returns. With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, the emerging QUANTUM CAMPUS DEVELOPMENT, the lakefront, public transportation, and ongoing infrastructure investment, this property offers the flexibility and location investors seek in a growing market. Sold AS-IS, WHERE-IS. Come to one of our Hard Hat walk throughs or schedule your private tour today and discover the potential this strategic acquisition can deliver.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1923

Stories

2

Lot size

14,400 Sq Ft

Lot dimensions

120x124

Zoning

COMMR

Days on market

98

MLS^® Listing#

12681697

Property Features

Cooling

None

Financial Details

Annual taxes

$10,012Tax year 2024

Parcel number

20254250240000

Directions

East/West on 79th to Chappel, located on north east corner