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Listed by Jessica Hayesof Century 21 S.G.R., Inc.
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Est. payment /mo
New
509-511 E 79th ST Chicago, IL 60619
6,229 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12737167
Year Built 1923
Annual Tax Amount $18,073
Tax Year 2024
Lot Size 6,229 Sqft
Lot Dimensions 50 x 125
Property Sub-Type Mixed Use
Property Description
***PRIME 8-UNIT MIXED-USE INVESTMENT OPPORTUNITY WITH 2 STOREFRONTS*** Excellent opportunity to own a high-potential 8-unit mixed-use property featuring 2 commercial storefronts and 8 residential units. 7 of the 8 units are currently rented, providing immediate cash flow with additional upside through rental increases. This property offers strong income stability with long-term tenants in place and clear value-add potential. While the building needs some work, it presents the perfect opportunity for an investor looking to reposition and increase NOI. With strategic updates and management, rents can be brought to market rate to significantly enhance returns. The 2 storefronts offer excellent visibility and foot traffic, positioned next to established businesses, creating consistent exposure and demand. Ideal for Investor or 1031 Exchange Buyer. Whether you are looking to expand your portfolio or secure a mixed-use asset with upside potential, this property checks all the boxes. Serious inquiries only. Proof of funds required. This is an "as-is" sale.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Flooring Wood
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
Roof Type Composition
Building
Foundation Block
Structure Type Brick
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