301 W 79th Street Chicago, IL $ 885,000
301 W 79th Street
$ 885,000
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301 W 79th Street

Chicago, IL, 60620
$ 885,000
Bedrooms-- Baths-- Sq 7,600
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Property for Rent in Chicago, IL

for $885,000. This 7,600 square foot property was built in 2005 on a lot size of 0.450528.

PRIME INVESTMENT OPPORTUNITY: FULLY OCCUPIED WEST CHATHAM RETAIL CENTER Strategically positioned in Chicago's vibrant West Chatham neighborhood, this exceptional 2005-built retail strip center presents a compelling investment with immediate cash flow potential. Featuring six uniquely different retail units, this property delivers consistent income with established tenants. PROPERTY HIGHLIGHTS: * Built in 2005 with modern construction and well-maintained systems * High occupancy rate across the development, with consistent demand * High-visibility location with prominent pylon signage * Generous parking with 29 dedicated on-site spaces * Former bank branch turned dry cleaners-offering premium build-out potential * Modified leases where tenants cover all utilities * Excellent traffic exposure in a bustling commercial corridor UNIQUE OPPORTUNITY:The current owner operates a successful dry cleaning business on-site, providing flexible options for investors. Purchase the business along with the property for additional income streams, or the owner is willing to remain as a tenant with favorable lease terms. This turnkey investment opportunity combines prime location, stable tenancy, and attractive lease structures in one of Chicago's growing commercial districts. Perfect for investors seeking reliable income with minimal management requirements.

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Rental Active

Price

$ 885,000

Taxes

$ 57,540

Style

Retail

Lot Size

0.450528

Year Built

2005

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12471449

Features
General
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Zoning COMMR
Construction Materials Concrete Brick
Year Built 2005
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 1
Township Lake
Tax Year 2023
Current Use Commercial
Business Type Retail
County Cook
Net Operating Income 112407
Property Type Commercial Sale Retail/Stores
Status Active
Directions I-94 to 79th Street W to Property. SWC of Princeton Avenue.
City Chicago
Number Of Units Total 6
MLS Area CHI - Chatham
Lot Size Square Feet 19625
Tax Annual Amount 57540
Additional Parcels Y/N Y
Leasable Area 3800
Lease Type Gross
Standard Status Active
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Interior
Flooring Concrete Tile Other
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 7600
Lot Dimensions 125X157
Frontage Type City Street Frontage Road Public Road Signal Intersection
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* Excluded Features
List By
Keller Williams Onechicago

Broker

bramseylftw@gmail.com;brittany.ramsey@cbrealty.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2025$885,000 Listed Price

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301 W 79th Street, Chicago, IL, 60620 is a Property for Rent at $885,000 with 7,600 sqft and a lot size of 0.450528. 301 W 79th Street was built in 2005. The property's zip code is 60620 which is in Chicago, IL