741 W 79TH ST Chicago, IL 60620

Building Details

Year Built

1909

Listing office Real People Realty, Inc.

Listing date May 26, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Real People Realty, Inc.

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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.

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FAQs

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 $408,000.

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.**