2404 E 79TH Street Chicago, IL $ 514,900
2404 E 79TH Street
$ 514,900
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2404 E 79TH Street

Chicago, IL, 60649
$ 514,900
Bedrooms1 Baths0.0 Sq 9,000

Monthly Estimate*

$ 3,597

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Multi-Family Home for sale in Chicago, IL

for $514,900 with 1 bedroom. This 9,000 square foot home was built in 1951 on a lot size of 0.284091.

Fine example of Mid Century Modern Design! In the Avalon Park/South Shore TIF District, so City grants are available for the exterior and commercial space. Classic mid-century design details like wing walls and a glass front facade. Lee Bey, former architecture critic for the Sun Times, noted this building as a fine example of South Side Modern. 9-Unit mixed use building with street Level retail/office space and 8 large 1 bedroom residential units. Huge adjacent parking lot is included in sale. Each floor is approx 3,000 sqf. The building is supported with massive steel framing, so the store is clear span throughout with continuous floor to ceiling window lines. Currently the space is a business incubator with office suites, some with water, a large conference room, and a large meeting space near the street side with 2 bathrooms and a kitchenette. The 2nd & 3rd floors consist of 8 apartments, comprised of 1 bedroom/1 bathroom units. South Shore's 79th street is surrounded by businesses, medical offices, and retailers. Near South Shore Hospital. Multiple PINS 2130325025, 2130325026, 2130325027. Addresses 2404-2416 E 79th. Broker Owned.

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Multi-Family Active

Price

$ 514,900

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 15,863

Style

Lot Size

0.284091

Year Built

1951

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11990149

Features
General
Cooling Central Air Office Only Wall Sleeve Window Unit(s)
Utilities Water to Site
Possession Closing
Zoning OFFIC
Construction Materials Brick Concrete Block Steel Siding
Year Built 1951
Electric Circuit Breakers Service - 201 to 600 Amps
Tenant Pays Electricity Varies by Tenant
Stories 3
Township Hyde Park
Tax Year 2021
Current Use Other
Gross Income 147300
County Cook
Net Operating Income 104280
Operating Expense 41623
Insurance Expense 8223
Property Type Commercial Sale Multi Family 5+
Possible Use Commercial Condominium Office and Research Retail
Status Active
Directions Near corner of 79th STREET and Yates. BUILDING ON NORTH SIDE OF STREET.
City Chicago
Total Units 9
MLS Area CHI - South Shore
Lot Size Square Feet 12375
Street Name 79TH
Tax Annual Amount 15863
Electric Expense 1612
Fuel Expense 10865
Trash Expense 2400
Water Sewer Expense 3500
Additional Parcels Y/N Y
Days on Market 62
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 9000
Lot Dimensions 99X125
Frontage Type City Street Public Road Signal Intersection
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Exit Strategy Realty / Ema Management

Broker

derek@derekwalvoord.com;derek@derekwalvoord.com

Email

Affordability Calculator

$4,919
Per Month
73%
27%
0%
Monthly Principal & Interest
$3,597
Monthly Property Taxes
$1,322
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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$329,900 Listed Price

Map


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2404 E 79TH Street, Chicago, IL, 60649 is a Multi-Family Home for sale at $514,900 with 9,000 sqft and a lot size of 0.284091. 2404 E 79TH Street has 1 bedrooms, 0.0 baths, and was built in 1951. The property's zip code is 60649 which is in Chicago, IL