505 W 79th Street Chicago, IL $ 410,000
505 W 79th Street
$ 410,000
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505 W 79th Street

Chicago, IL, 60620
$ 410,000
Bedrooms3 Baths0.0 Sq 3,300

Monthly Estimate*

$ 2,864

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Multi-Family Home for sale in Chicago, IL

for $410,000 with 3 bedrooms. This 3,300 square foot home was built in 1889 on a lot size of 0.189394.

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!

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Multi-Family Active

Price

$ 410,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 11,124

Style

Multi-Family

Lot Size

0.189394

Year Built

1889

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11848194

Features
General
Cooling None
Possession Closing
Construction Materials Brick
Year Built 1889
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories 3
Tax Year 2021
Current Use Multi-Family
Gross Income 4200
County Cook
Net Operating Income 3450
Operating Expense 10600
Insurance Expense 5500
Property Type Commercial Sale Multi Family 5+
Possible Use Commercial Office and Research Multi-Family
Status Price Change
Directions Take 79th street west towards Normal arrive at property
City Chicago
Total Units 6
MLS Area CHI - Chatham
Lot Size Square Feet 8250
Street Name 79th
Tax Annual Amount 11124
Electric Expense 600
Fuel Expense 0
Trash Expense 1800
Water Sewer Expense 2000
Additional Parcels Y/N N
Days on Market 270
Standard Status Active
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Exterior
Building Area Total 3300
Lot Dimensions 66X125
Exterior Brick
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Interior
Street Suffix Street
Basement Unfinished
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* Excluded Features
List By
Coldwell Banker Realty

Broker

iriehomes100@gmail.com

Email

Affordability Calculator

$3,791
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,864
Monthly Property Taxes
$927
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/27/2024$410,000 -2.38% Price Down
2/16/2024$420,000 -1.18% Price Down
8/1/2023$425,000 Listed Price

Map


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505 W 79th Street, Chicago, IL, 60620 is a Multi-Family Home for sale at $410,000 with 3,300 sqft and a lot size of 0.189394. 505 W 79th Street has 3 bedrooms, 0.0 baths, and was built in 1889. The property's zip code is 60620 which is in Chicago, IL