1651 W 79th Street Chicago, IL $ 215,000
1651 W 79th Street
$ 215,000
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1651 W 79th Street

Chicago, IL, 60620
$ 215,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,341

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Commercial Property for sale in Chicago, IL

for $215,000. This building was built in 1924 on a lot size of 0.069972.

CALLING ALL INVESTORS LOOKING FOR INSTANT INCOME, NO REPAIRS NEEDED, JUST PURCHASE AND WATCH YOUR MONEY GROW. 2ND FLOOR APARTMENT HAS A BRIGHT KITCHEN WITH SS APPLIANCES, GRANITE COUNTERTOPS & BROWN CABINETRY, SPACIOUS LIVING & SEPARATE DINING ROOMS AND PLENTY OF STORAGE SPACE. PROPERTY IS CONVENIENTLY LOCATED NEAR PUBLIC TRANSPORTATION, SHOPPING CENTERS AND EATERIES. THE FULLY OCCUPIED BEAUTY SHOP ON THE FIRST FLOOR, ALONG WITH THE 2ND FLOOR APARTMENT, PROVIDES STEADY RENTAL INCOME AND MAKES THIS TWO FLAT BRICK A GREAT INVESTMENT OPPORTUNITY. KEY FEATURES: - Long term, reliable tenants - Storefront Beauty Shop on the first floor - Spacious 3 bedroom, 1 bathroom apartment on the second floor - Hardwood floors throughout the 2nd floor unit - Large living and seperate dining room - Bright, spacious kitchen - Plenty of storage space in basement - Convenient location - Great investment opportunity - steady rental income - Separate furnaces and 1 central air units - Fenced backyard with 2 car garage Don't miss out on this excellent opportunity to invest in an income generating property. Contact us today for more information or to schedule a viewing!

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Commercial Active

Price

$ 215,000

Property Type

Commercial

Taxes

$ 2,742

Style

Lot Size

0.069972

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12509475

Features
General
Cooling Central Air
Zoning OTHER
Construction Materials Brick
Year Built 1924
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 2
Township Lake
Property Subtype Mixed Use
Tax Year 2023
Gross Income 30000
County Cook
Net Operating Income 24257
Operating Expense 5742
Insurance Expense 1500
Property Type Commercial Sale Mixed Use
Status Active
Directions ASHLAND TO 79TH STREET EAST TO ADDRESS 1651
City Chicago
Number Of Units Total 2
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 3048
Tax Annual Amount 2742.88
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N N
Standard Status Active
Total Actual Rent 2500
Cap Rate 10.3
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Interior
Flooring Wood
Total Fireplaces 0
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Exterior
Lot Dimensions 3125
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* Excluded Features
List By
Exit Strategy Realty

Broker

finise26@gmail.com

Email

Affordability Calculator

$1,570
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,341
Monthly Property Taxes
$229
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
12/1/2025$215,000 -8.51% Price Down
11/3/2025$235,000 Listed Price

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1651 W 79th Street, Chicago, IL, 60620 is a Commercial Property for sale at $215,000 with a lot size of 0.069972. 1651 W 79th Street was built in 1924. The property's zip code is 60620 which is in Chicago, IL