Mixed-Use Building with
New
For Sale
$988,000
501 E 79th St, Chicago, IL 60619
Three ground-floor commercial spaces share the property with 16 apartments at a Chicago street corner.
Property Size13,800 SF
Price / SF$71.59
Days on Market2
Property Features for 501 E 79th St
General Information
Standard status
Active
Size
13,800 SF
Net Rentable
12,000 SF
Property subtype
Mixed-Use
Occupancy
94%
Site & Location
Neighborhood
Chatham
Corner Location
Yes
Highway Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
14 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
16
Additional Details
Tenant in Place
Yes
Amenities
Corner Location at E 79th Street and S Eberhart Avenue
$988,000 Asking Price ($52,000 per Unit, $71.59 per Square Foot)
20.95 Percent Projected Year Two Cash on Cash Return
13 of 16 Apartments Vacant — Clear Upside
19 units; 16 Multifamily and Three Commercial
Building Details
Building Size
13,800 SF
Buildings
1
Units
19
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Jack Stanton · License #License(s): IL: 475.184051
(312) 327-5463
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 4:01PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 19-unit mixed-use property contains 12,000 rentable square feet and 13,800 GBA. The configuration includes three ground-floor commercial storefronts and 16 apartments: 14 one-bedroom, one-bath units and two two-bedroom, one-bath units. Thirteen apartments are vacant, while the commercial spaces are fully occupied.
At the corner of E 79th Street and S Eberhart Avenue in Chicago’s Greater Grand Crossing, the property has access to the Dan Ryan Expressway and CTA Red Line service. Retail businesses are located along 79th Street.
At the corner of E 79th Street and S Eberhart Avenue in Chicago’s Greater Grand Crossing, the property has access to the Dan Ryan Expressway and CTA Red Line service. Retail businesses are located along 79th Street.
Key Highlights
- 19‑unit mixed‑use property with 12,000 rentable square feet (13,800 GBA)
- Three ground‑floor commercial storefronts are fully occupied
- 16 apartments: 14 one‑bedroom/one‑bath and 2 two‑bedroom/one‑bath units
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three ground-floor commercial spaces share the property with 16 apartments at a Chicago street corner.
Where is this mixed-use property located?
The property is located at 501 E 79th St Chicago, IL.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: 19‑unit mixed‑use property with 12,000 rentable square feet (13,800 GBA); Three ground‑floor commercial storefronts are fully occupied; 16 apartments: 14 one‑bedroom/one‑bath and 2 two‑bedroom/one‑bath units
