2036 W 79th Street Chicago, IL $ 875,000
2036 W 79th Street
$ 875,000
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2036 W 79th Street

Chicago, IL, 60620
$ 875,000
Bedrooms-- Baths-- Sq 12,690

Monthly Estimate*

$ 5,459

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Commercial Property for sale in Chicago, IL

for $875,000. This 12,690 square foot building was built in 1960 on a lot size of 0.76157.

Discover the exceptional investment opportunity at 2036 W 79th St, Chicago, IL 60620. This strategically located two-story commercial facility boasts a generous 12,690 square feet of gross building area on a sprawling 0.76-acre lot. Built in 1960, this versatile property includes a large chapel, multiple viewing rooms, office spaces, and a substantial parking lot, offering unparalleled operational efficiency and convenience. Situated in the bustling Auburn Gresham neighborhood, this property enjoys outstanding visibility and accessibility from major thoroughfares, including 79th Street, Western Avenue, and Ashland Avenue, with easy access to Interstate-94. The expansive 33,174 square foot site provides ample space for potential expansion or redevelopment, making it a prime candidate for a variety of commercial uses. Currently utilized as a funeral facility, this turnkey opportunity is perfect for similar service providers or can be easily adapted for other commercial ventures. The property's B1-1 Neighborhood Shopping District zoning supports a wide range of retail and commercial activities, making it an ideal choice for real estate developers seeking to diversify their portfolio. Investors and government agencies will appreciate the property's redevelopment potential for community-enhancing projects. The City of Chicago offers significant incentives to buyers, including the Neighborhood Opportunity Fund, which finances commercial and cultural projects in neighborhoods that lack private investment, using revenue generated from downtown development. Additionally, this property qualifies for the City of Chicago's Small Business Improvement Fund (SBIF), promoting economic development by providing small businesses and property owners with reimbursement grants for permanent building improvement costs. Seize this unparalleled opportunity to invest in a property with both immediate operational benefits and long-term developmental prospects. DO NOT DISTURB STAFF.

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Commercial Contingent

Price

$ 875,000

Property Type

Commercial

Taxes

$ 48,286

Style

Commercial

Lot Size

0.76157

Year Built

1960

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12136313

Features
General
Cooling Central Air
Zoning RTAIL
Construction Materials Brick Concrete
Year Built 1960
Electric Service - 101 to 200 Amps Service - 201 to 600 Amps
Stories Count 2
Tax Year 2022
Current Use Commercial
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Contingency Attorney/Inspection
Status Contingent
Directions Take exit 60 for 79th St. Merge onto S Lafayette Ave. Turn right onto W 79th St. Continue west on W 79th St for approximately 3.5 miles. The destination will be on your right.
City Chicago
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 33174
Tax Annual Amount 48286
Additional Parcels Y/N Y
Standard Status Active Under Contract
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 12690
Lot Dimensions 267 X 116
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* Excluded Features
List By
Mohall Commercial & Urban Development

Broker

moses@mohallcommercialud.com

Email

Affordability Calculator

$9,483
Per Month
58%
42%
0%
Monthly Principal & Interest
$5,459
Monthly Property Taxes
$4,024
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
8/12/2024$875,000 Listed Price

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2036 W 79th Street, Chicago, IL, 60620 is a Commercial Property for sale at $875,000 with 12,690 sqft and a lot size of 0.76157. 2036 W 79th Street was built in 1960. The property's zip code is 60620 which is in Chicago, IL