Five-Building Multifamily
4634 W 79th St Chicago, IL 60652
For Sale
Contact for pricing
Pending
Five-building, 33-unit multifamily property offering recently renovated one- and two-bedroom apartments at 4634–4658 W 79th.
Property Size28,911 SF
Days on Market402
Property Features for 4634 W 79th St
General Information
- Standard status
- Pending
- Size
- 28,911 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 327-5463
Listed By:
Kyle Stengle · License #IL 475.138461
Source:
Crexi
Added: Jun 19, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:13PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an investment comprised of five buildings and 33 total residential units at 4634–4658 W 79th Street in Chicago, Illinois. The unit mix includes 28 two-bedroom apartments and 5 one-bedroom apartments. The offering highlights recently renovated interiors, with updated kitchens, bathrooms, and flooring across the homes.
The property is located within a designated Mobility Zone, an area targeted for infrastructure upgrades, transit enhancements, and strategic redevelopment. With current operations reflecting a 9.2% cap rate and a stated pro forma cap rate of 13.2%, the materials describe a value-add approach focused on bringing rents closer to levels already achieved on-site for certain units.
The information provided also outlines potential tax-related benefits through Cook County’s Affordable Housing Special Assessment Program, launched in 2022, which offers a 35% reduction in assessed value for 10 years. The application is described as pending, and the materials note that more than 35% of units are designated as affordable at or below 60% AMI.
The property is located within a designated Mobility Zone, an area targeted for infrastructure upgrades, transit enhancements, and strategic redevelopment. With current operations reflecting a 9.2% cap rate and a stated pro forma cap rate of 13.2%, the materials describe a value-add approach focused on bringing rents closer to levels already achieved on-site for certain units.
The information provided also outlines potential tax-related benefits through Cook County’s Affordable Housing Special Assessment Program, launched in 2022, which offers a 35% reduction in assessed value for 10 years. The application is described as pending, and the materials note that more than 35% of units are designated as affordable at or below 60% AMI.
Key Highlights
- Five‑building, 33‑unit multifamily property (4634–4658 W 79th St) built in 1958.
- Unit mix: 28 two‑bedroom and 5 one‑bedroom units.
- All units recently renovated with updated kitchens, bathrooms, and flooring.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-building, 33-unit multifamily property offering recently renovated one- and two-bedroom apartments at 4634–4658 W 79th.
Where is this apartment building located?
The property is located at 4634 W 79th St Chicago, IL.
What are key features of this property?
This property features: Five‑building, 33‑unit multifamily property (4634–4658 W 79th St) built in 1958.; Unit mix: 28 two‑bedroom and 5 one‑bedroom units.; All units recently renovated with updated kitchens, bathrooms, and flooring.
