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    1423 W 79Th St Chicago, IL 60620

    For Sale
    $162,500

    Single-level brick building with potential for retail or office space.

    Property Features for 1423 W 79Th St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1924

    Source: REALTY OF AMERICA, LLC Agent PERDURE CARTER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property in Gresham Area

    This single-level brick building is located on a prominent corner lot in the Gresham area. Formerly a restaurant, the property is divided into three distinct spaces, each equipped with ample storage and restroom facilities. It features an oversized kitchen area. The property requires a full gut rehab. Its versatile layout and prime location make it ideal for a variety of business ventures, such as retail or office spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kickstands Restaurant Restaurant

    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
    -87.6595775
    Latitude
    41.750197

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    FAQs

    What type of property is this?
    Retail space - Single-level brick building with potential for retail or office space.
    Where is this retail space located?
    The property is located at 1423 W 79Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: - Prime corner lot location in the Gresham area.; - Versatile layout suitable for retail, office, or restaurant use.; - Oversized kitchen area (formerly a restaurant).
    (708) 788-1900
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    1423 W 79Th St Chicago, IL 60620
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    Chicago, IL 60620
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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
    1423 W 79Th St Chicago, IL 60620
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