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1640 W 79th Street Chicago, IL $ 800,000
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1640 W 79th Street
$ 800,000
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1640 W 79th Street

Chicago, IL, 60620
$ 800,000
Bedrooms-- Baths-- Sq 8,200
1640 W 79th Street, Chicago, IL 60620 - Image 1
1640 W 79th Street, Chicago, IL 60620 - Image 2
1640 W 79th Street, Chicago, IL 60620 - Image 3
1640 W 79th Street, Chicago, IL 60620 - Image 4
1640 W 79th Street, Chicago, IL 60620 - Image 5
1640 W 79th Street, Chicago, IL 60620 - Image 6
1640 W 79th Street, Chicago, IL 60620 - Image 7

Property for Rent in Chicago, IL

for $800,000. This 8,200 square foot property was built in 2008 on a lot size of 0.381313.

Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.

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Rental Active

Price

$ 800,000

Taxes

$ 28,138

Style

Commercial

Lot Size

0.381313

Year Built

2008

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12544902
Features
General
Cooling Central Air
Zoning RTAIL
Year Built 2008
Electric Circuit Breakers Over 600 Amps Three Phase
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops Taxes Insurance Repairs Roof Scavenger Tax Stops Sewer Varies by Tenant All Utilities Trash Collection
Stories Count 1
Property Subtype Shopping Center
Tax Year 2024
Current Use Commercial
Gross Income 0
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 86340
Operating Expense 0
Insurance Expense 3502
Property Type Commercial Sale Retail/Stores
Status New
Directions I90/95 Expressway to 79th West to Property. 1/2 block west of Ashland on 79th.
City Chicago
Number Of Units Total 9
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 16610
Tax Annual Amount 28138.9
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Additional Parcels Y/N Y
Leasable Area 5500
Lease Type Gross
Standard Status Active
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Exterior
Building Area Total 8200
Lot Dimensions 157 X 106
Frontage Type City Street
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* Excluded Features
List By
First Western Properties

Broker

paul@1stwesternproperties.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/12/2026$800,000 Listed Price

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1640 W 79th Street, Chicago, IL, 60620 is a Property for Rent at $800,000 with 8,200 sqft and a lot size of 0.381313. 1640 W 79th Street was built in 2008. The property's zip code is 60620 which is in Chicago, IL

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