2032 E 79Th St Chicago, IL 60649

Located along the re-emerging 79th Street corridor in South Shore, this mixed-use building offers income potential for investors. The property includes approximately 4,900 square feet of commercial storefront, two oversized three-bedroom residential units, and rear parking for five or more vehicles. With flexible zoning and corridor visibility, this asset is well-positioned for repositioning, stabilization, or long-term redevelopment and has the ability to leverage public and community-based funding tools that can significantly enhance returns. Programs that exist can help like: TIF (Tax Increment Financing), Community Development Grants, Small Business Improvement Programs (SBIF) Community Development Block Grant (CDBG) Funding Energy Efficiency and Sustainability Programs ComEd rebates, state energy grants, and federal tax reduction programs for upgrading to efficient HVAC, lighting, or building Workforce and Job Creation Funding programs New Markets Tax Credits (NMTC). With its proximity to the Obama Presidential Center, lakefront access, strong residential density, and infrastructure investment this B3-2 zoned parcel has the flexibility to combine commercial and residential uses. Sold as-is, where-is, this is a strategic acquisition for investors and owner-operators who understand how to align private capital with public funding.