Income-Producing Retail Strip in
For Sale
$405,000
741 W 79th St, Chicago, IL 60620
Multi-tenant retail strip with income and value-add potential.
Property Size4,778 SF
Lot Size0.17 Acres
Price / SF$84.76
Days on Market94
Property Features for 741 W 79th St
General Information
Standard status
Active
Size
4,778 SF
Lot size
0.17 Acres
Taxes and HOA fees
Annual Taxes
$12,829
Listing Agency:
Coldwell Banker Realty
(312) 544-9046
Listed By:
Maikol Akintonde, ABR, SFR · License #471004463
(312) 544-9046
Source:
Exprealty
Added: May 27
Changed: Aug 25
Last Checked: Aug 26 at 10:17AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located along a revitalizing commercial corridor in Chicago's Auburn Gresham neighborhood, the property at 741-747 W. 79th Street is a multi-tenant retail strip. The property features four street-facing retail storefronts totaling 4,778 square feet on a 7,500 square foot lot. Three of the four units are occupied by a convenience/grocery store, a children's tutoring center, and a fully built-out restaurant, generating immediate income. The fourth storefront is vacant and move-in ready. The property includes a full-footprint basement spanning the entire 4,778 square feet beneath the building, featuring original limestone walls, structural steel framing, and full plumbing rough-ins. The surrounding 79th Street corridor is experiencing public and private investment. The Auburn Park Metra Station, currently under construction and slated for completion in 2026, will enhance commuter accessibility. The City of Chicago's INVEST South/West initiative, the adopted 79th Street Corridor Plan, and streetscape improvements are contributing to the corridor's repositioning. The property is located in an Enterprise Zone.
Key Highlights
- Immediate income from three occupied retail units (convenience store, tutoring center, restaurant).
- Significant upside potential from vacant, move‑in‑ready storefront requiring no initial capital investment.
- Full 4,778 sq ft basement with original limestone walls, steel framing, and plumbing, suitable for various uses.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Family Dollar
Shops & Services
5,704 visits/mo
0.2 miles
SUBWAY
Dining
2,282 visits/mo
0.1 miles
Liberty Tax
Shops & Services
1,268 visits/mo
0.1 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail strip with income and value-add potential.
Where is this strip mall located?
The property is located at 741 W 79th St Chicago, IL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Immediate income from three occupied retail units (convenience store, tutoring center, restaurant).; Significant upside potential from vacant, move‑in‑ready storefront requiring no initial capital investment.; Full 4,778 sq ft basement with original limestone walls, steel framing, and plumbing, suitable for various uses.**
