Prime Development Opportunity on
301 W 79th Street Chicago, IL 60620
301 W 79th Street, Chicago, IL, 60620
$870,000
For Sale
$870,000
COMMERCIAL - Chicago, IL
Property Size7,600 SF
Lot Size0.45 Acres
Price / SF$114.47
Days on Market97
Property Features for 301 W 79th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 20332010030000
- Size
- 7,600 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 7241
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Concrete, Tile
- Building materials
- Concrete, Brick
Listing agency
Keller Williams ONEChicago
(312) 216-2422
Listed by
Brittany Ramsey · License #475173381
(312) 216-2422
Added: Apr 17 Updated: Jun 7 at 4:30PM Checked: Jul 22 at 11:06AM
MLS# 12621976
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on a high-visibility corner in West Chatham, this 19,625 sq ft lot offers a development opportunity. Zoned C1-1 with a 1.2 Floor Area Ratio (FAR), the site allows for a theoretical buildable density of up to 23,550 square feet. The existing 7,600 sq ft structure provides cash flow. The asset is anchored by established neighborhood staples, including Ivy Jerk Hut, which recently committed to a new 3-year lease with a 3-year renewal option. This commitment, combined with a high-visibility pylon sign and 29 dedicated parking spaces, ensures consistent traffic and long-term viability. There are currently 3 vacancies with spaces between 950-1,450 sq ft. Closing is available by June 2026. The property is located in Chicago, IL, 60620.
Key Highlights
- Prime 1.2 FAR development opportunity on a 19,625 sq ft lot in West Chatham.
- Existing 7,600 sq ft structure provides immediate cash flow.
- Anchored by established tenant, Ivy Jerk Hut, with a new 3‑year lease and 3‑year renewal option.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Just Like Home ...
Daycare Center
79th Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Flowers III — 7838 S Cottage Grove Ave, Chicago, IL 60619
- Full Blossom Florist — 316 E 75th St, Chicago, IL 60619
- Rhodes Florist — 7442 S Cottage Grove Ave, Chicago, IL 60619
- Majestic Florist — 8145 S Cottage Grove Ave, Chicago, IL 60619
- Flowers First By Erskine — 511 E 75th St, Chicago, IL 60619
FAQs
What type of property is this?
Storefront property - 19,625 sq ft lot in West Chatham.
Where is this storefront property located?
The property is located at 301 W 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Prime 1.2 FAR development opportunity on a 19,625 sq ft lot in West Chatham.; Existing 7,600 sq ft structure provides immediate cash flow.; Anchored by established tenant, Ivy Jerk Hut, with a new 3‑year lease and 3‑year renewal option.
