Retail Building with
New
For Sale
$350,000
3751 W 79th Street, Chicago, IL 60652
Commercial Sale, Chicago, IL
Property Size1,600 SF
Lot Size0.38 Acres
Price / SF$218.75
Days on Market1
Property Features for 3751 W 79th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Located at the southwest corner of 79th Street and Hamlin Avenue.
Subdivision
CHI - Ashburn
Standard status
Active
APN
19351010700000
Lot size
0.38 Acres
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11421
Utilities
Cooling system
Central Air
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Buildings
1
Listing Agency:
Pearson Realty Group
Listed By:
Gustavo Gilchrist
(773) 325-2800
Added: Oct 27
Last Checked: Oct 27 at 8:06PM
MLS# 12795028
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.
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Investment Insights
Based on property information with market context.
This freestanding retail building contains 1,600 square feet and was built in 1955. Central air serves the building, and a drive-through is in place. The property occupies a 16,362-square-foot site at the southwest corner of 79th Street and Hamlin Avenue in Chicago.
Key Highlights
- 1,600‑square‑foot freestanding retail building
- 16,362‑square‑foot site
- Drive‑through feature in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,136
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
$442.7K
Cap Rate 7%
$316,229
$316.2K
Cap Rate 9%
$245,956
$246.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$34.6K $21.60/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$31.6K $19.76/SF
− OpEx
−$9.5K −$5.93/SF
NOI
$22.1K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
Cap Rate 7%
$316,229
Cap Rate 9%
$245,956
Alternative Uses
Best Use
Retail
$316.2K
$276.7K – $368.9K
NOI $22,136 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,808 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Dollar Tree
Shops & Services
20,320 visits/mo
0.2 miles
BP
Shops & Services
12,089 visits/mo
0.4 miles
Citgo
Shops & Services
8,451 visits/mo
0.2 miles
Krystal
Dining
2,363 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
1,425 visits/mo
0.5 miles
Demographics for 60652, IL
40,898
Population
13,709
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
4.8 sq mi
ZIP Area
8,520
Density / Sq Mi
$78,559
Median Household Income
$36,488
Median Earnings
$1,208
Median Rent
$235,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding corner property has central air and an established drive-through feature.
Where is this retail space located?
The property is located at 3751 W 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,600‑square‑foot freestanding retail building; 16,362‑square‑foot site; Drive‑through feature in place
