2404 E 79TH Street Chicago, IL $ 489,000
2404 E 79TH Street
$ 489,000
Share Save

2404 E 79TH Street

Chicago, IL, 60649
$ 489,000
Bedrooms-- Baths-- Sq 9,000

Monthly Estimate*

$ 3,051

2404 E 79TH Street, Chicago, IL 60649 - Image 1
2404 E 79TH Street, Chicago, IL 60649 - Image 2
2404 E 79TH Street, Chicago, IL 60649 - Image 3
2404 E 79TH Street, Chicago, IL 60649 - Image 4
2404 E 79TH Street, Chicago, IL 60649 - Image 5
2404 E 79TH Street, Chicago, IL 60649 - Image 6
2404 E 79TH Street, Chicago, IL 60649 - Image 7
2404 E 79TH Street, Chicago, IL 60649 - Image 8
2404 E 79TH Street, Chicago, IL 60649 - Image 9
2404 E 79TH Street, Chicago, IL 60649 - Image 10
2404 E 79TH Street, Chicago, IL 60649 - Image 11
2404 E 79TH Street, Chicago, IL 60649 - Image 12
2404 E 79TH Street, Chicago, IL 60649 - Image 13
2404 E 79TH Street, Chicago, IL 60649 - Image 14
2404 E 79TH Street, Chicago, IL 60649 - Image 15
2404 E 79TH Street, Chicago, IL 60649 - Image 16
2404 E 79TH Street, Chicago, IL 60649 - Image 17
2404 E 79TH Street, Chicago, IL 60649 - Image 18
2404 E 79TH Street, Chicago, IL 60649 - Image 19
2404 E 79TH Street, Chicago, IL 60649 - Image 20
2404 E 79TH Street, Chicago, IL 60649 - Image 21
2404 E 79TH Street, Chicago, IL 60649 - Image 22

Commercial Property for sale in Chicago, IL

for $489,000. This 9,000 square foot building was built in 1951 on a lot size of 0.284091.

Quantum Computing Campus rare opportunity! Big building with a huge parking lot. Generous apartment layouts and a huge storefront space! In the Avalon Park/South Shore TIF District, so City grants are available for the exterior and commercial space, like the SBIF Grant. Classic mid-century design details such as wing walls and a glass front facade. 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-bed/1-bath 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.

See more

Commercial Contingent

Price

$ 489,000

Property Type

Commercial

Taxes

$ 16,675

Style

Lot Size

0.284091

Year Built

1951

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12289377

Features
General
Cooling Central Air Office Only Wall Sleeve Window Unit(s)
Utilities Water Available
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 Count 3
Township Hyde Park
Property Subtype Mixed Use
Tax Year 2023
Current Use Other
Gross Income 147300
County Cook
Net Operating Income 104280
Operating Expense 41623
Insurance Expense 8223
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial Office Retail
Status Contingent
Directions Near corner of 79th STREET and Yates. BUILDING ON NORTH SIDE OF STREET.
City Chicago
Number Of Units Total 9
MLS Area CHI - South Shore
Lot Size Square Feet 12375
Tax Annual Amount 16675
Electric Expense 1612
Fuel Expense 10865
Trash Expense 2400
Water Sewer Expense 3500
Additional Parcels Y/N Y
Standard Status Active Under Contract
Cap Rate 11.8
See more
Exterior
Foundation Details Concrete Perimeter
Building Area Total 9000
Lot Dimensions 99X125
Frontage Type City Street Public Road Signal Intersection
See more
* Excluded Features
List By
Exit Strategy Realty / Ema Management

Broker

derek@derekwalvoord.com;derek@derekwalvoord.com

Email

Affordability Calculator

$4,440
Per Month
69%
31%
0%
Monthly Principal & Interest
$3,051
Monthly Property Taxes
$1,390
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2025$489,000 -1.19% Price Down
3/9/2025$494,900 -1.00% Price Down
2/12/2025$499,900 Listed Price

Map


See all

2404 E 79TH Street, Chicago, IL, 60649 is a Commercial Property for sale at $489,000 with 9,000 sqft and a lot size of 0.284091. 2404 E 79TH Street was built in 1951. The property's zip code is 60649 which is in Chicago, IL