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    3057 E 79Th Pl Chicago, IL 60617

    New
    For Sale
    $149,900

    Residential Income - Chicago, IL

    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 3057 E 79Th Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    21312050210000

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Natural Gas, Other (Heating), Steam

    Building Details

    Year built
    1927
    Architectural style
    Other

    Redfin Corporation (773) 308-4896 [email protected]

    Listing agent Jacob Reiner (312) 836-4263 License #475191364

    Listing date Dec 4, 2025

    MLS# 12518189 Listing URL

    Copyright © 2025 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.

    Overview

    Chicago Residential Income Opportunity

    Located in Chicago, Illinois, the property at 3057 East 79th Place presents an investment opportunity. This building, situated on a wide lot, offers potential for value addition. The property requires work, making it suitable for those looking to invest vision and effort. The layout provides multiple options, including rehabilitation for rental, renovation for resale, or long-term holding. The structure features high ceilings and generous room sizes. Investors may find the improving rental demand in the area and the potential for strong returns post-renovation appealing. This property is a chance to transform a distressed asset. It is suited for a contractor to assess the possibilities for their next project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5494391
    Latitude
    41.7508025

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    FAQs

    What type of property is this?
    Multifamily property - Investment opportunity with potential in Chicago's residential market.
    Where is this multifamily property located?
    The property is located at 3057 E 79Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Strong investment opportunity with potential for value-add through renovation.; - Multiple options: rehab and rent, renovate for resale, or hold long term.; - **Classic Chicago structure with high ceilings and generous room sizes.**
    (312) 836-4263
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3057 E 79Th Pl Chicago, IL 60617
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