Mixed-Use Building in South
For Sale
Contact for pricing
2032 E 79th Street, Chicago, IL 60649
Mixed-use building with commercial storefront and residential units.
Property Size4,900 SF
Price / SF$52.04
Days on Market162
Property Features for 2032 E 79th Street
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Mixed Use
Zoning
COMMR
Building Details
Year Built
1923
Stories
2
Units
5
Listing Agency:
Exit Strategy Realty
(773) 503-3352
Listed By:
Timothy Miller · License #IL 475179113
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 12 at 4:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Strategy Realty
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Strong income potential in highly sought‑after South Shore location.
- Approximately 4,900 sq ft of commercial storefront space.
- Two oversized 3‑bedroom residential units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial storefront and residential units.
Where is this mixed-use property located?
The property is located at 2032 E 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Strong income potential in highly sought‑after South Shore location.; Approximately 4,900 sq ft of commercial storefront space.; Two oversized 3‑bedroom residential units.
