Chicago Commercial Buildings For
1753-1759 W 79th Street Chicago, IL 60620
For Sale
$459,000
COMMERCIAL - Chicago, IL
Property Size3,000 SF
Lot Size0.20 Acres
Price / SF$153
Days on Market97
Property Features for 1753-1759 W 79th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Standard status
Active
APN
20312040010000
Size
3,000 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
38422
Utilities
Cooling system
Central Air
Building Details
Year built
1929
Floors in Building
1
Number of units
4
Listing Agency:
Century 21 Circle
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Apr 24
Changed: May 13
Last Checked: Jul 29 at 1:06AM
MLS# 12622337
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 in a busy Chicago neighborhood retail area, the property includes three single-story buildings at the corner of 1753, 1755, and 1759 W 79th Street. One building is a leased retail/grocery store of approximately 3,000 square feet. Another building offers about 2,500 square feet of vacant space. The third building, also approximately 2,500 square feet, is in the process of being occupied as a day-care space. The zoning is B 1-1, which allows for retail and apartments above the main floor. The location is surrounded by local businesses, food establishments, and apartments, and it is well-connected by public transit. The lot size is approximately 0.2009 acres. This property is typical of Chicago's South Side commercial strips.
Key Highlights
- Prime corner location featuring 3 single‑story buildings.
- B 1‑1 zoning allows for flexible development, including retail and apartments.
- Leased retail/grocery store provides immediate income (approx. 3,000 Sq. ft.).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $21.60 |
| − Vacancy | −$5.5k | −$1.84 |
| EGI | $59.3k | $19.76 |
| − OpEx | −$17.8k | −$5.93 |
| NOI | $41.5k | $13.83 |
3,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$797.7K
$698.0K – $930.6K
NOI $55,836 @ 7.0% cap · market cap 12.16%
Second Best
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 21.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Three commercial buildings in a busy Chicago neighborhood retail location.
Where is this grocery and convenience store located?
The property is located at 1753-1759 W 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Prime corner location featuring 3 single‑story buildings.; B 1‑1 zoning allows for flexible development, including retail and apartments.; Leased retail/grocery store provides immediate income (approx. 3,000 Sq. ft.).
