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509-511 E 79th Street Chicago, IL $ 399,000
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509-511 E 79th Street
$ 399,000
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509-511 E 79th Street

Chicago, IL, 60619
$ 399,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,519

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Commercial Property for sale in Chicago, IL

for $399,000. This building was built in 1923 on a lot size of 0.143.

***PRIME 8-UNIT MIXED-USE INVESTMENT OPPORTUNITY WITH 2 STOREFRONTS*** Excellent opportunity to own a high-potential 8-unit mixed-use property featuring 2 commercial storefronts and 8 residential units. 7 of the 8 units are currently rented, providing immediate cash flow with additional upside through rental increases. This property offers strong income stability with long-term tenants in place and clear value-add potential. While the building needs some work, it presents the perfect opportunity for an investor looking to reposition and increase NOI. With strategic updates and management, rents can be brought to market rate to significantly enhance returns. The 2 storefronts offer excellent visibility and foot traffic, positioned next to established businesses, creating consistent exposure and demand. Ideal for Investor or 1031 Exchange Buyer. Whether you are looking to expand your portfolio or secure a mixed-use asset with upside potential, this property checks all the boxes. Serious inquiries only. Proof of funds required. This is an "as-is" sale.

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Commercial Active

Price

$ 399,000

Property Type

Commercial

Taxes

$ 18,073

Style

Commercial

Lot Size

0.143

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12737167
Features
General
Cooling Window Unit(s)
Utilities Water Available
Possession Closing
Roof Composition
Construction Materials Brick
Year Built 1923
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 2
Township Hyde Park
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
County Cook
Operating Expense 72600
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status New
Directions east/west on 79th St to property.
City Chicago
Number Of Units Total 10
MLS Area CHI - Chatham
Lot Size Square Feet 6250
Tax Annual Amount 18073.88
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Wood
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Exterior
Foundation Details Block
Lot Dimensions 50 x 125
Lot Size Acres 0.143
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* Excluded Features
List By
Century 21 S.G.R., Inc.

Broker

jessicah.c21sgr@gmail.com

Email

Affordability Calculator

$4,025
Per Month
63%
37%
0%
Monthly Principal & Interest
$2,519
Monthly Property Taxes
$1,506
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/20/2026$399,000 Listed Price

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509-511 E 79th Street, Chicago, IL, 60619 is a Commercial Property for sale at $399,000 with a lot size of 0.143. 509-511 E 79th Street was built in 1923. The property's zip code is 60619 which is in Chicago, IL

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