3049 79th Pl, Unit 1 Chicago, IL 60617-1434
- Residential income homes
- 2,294 SF
- 0.09 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3049 79th Pl
- Year built
- 1927
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 2,294 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 21-31-205-018
- APU
- 2131205018
Description
This exceptional 1,050-square-foot retail space, located at 3049 E 79th Place in Chicago, Illinois, presents a unique investment opportunity. Situated in Cook County, this single-tenant property boasts a charming character, having been built in 1927. The building comprises two stories, offering ample space for a variety of retail uses. Currently, the entire 1,050 square feet is available for lease, providing a blank canvas for a prospective tenant to create their ideal retail environment. The property's address is 3049 E 79th Place, Chicago, IL 60617, and its convenient location offers excellent visibility and accessibility. The property's classification is retail commercial, making it suitable for a wide range of businesses. This is a rare opportunity to acquire a well-located, historically significant retail space in a vibrant Chicago neighborhood. The property's size and layout offer flexibility for various retail concepts, and its prime location ensures high foot traffic and visibility. The building's age adds to its unique charm and character, providing a distinctive atmosphere for potential tenants. This property is available for lease and presents a compelling opportunity for businesses seeking a well-positioned retail space in a thriving area of Chicago. The property is classified as a single-tenant building, ensuring a streamlined leasing process and management.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $275,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $220,000
- Mixed-Use
- $215,000
- Hospitality
- $235,000
- Educational
- $250,000
- Residential Income
- $250,000
- Energy
- $255,000
- Income-Based Land
- $250,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5498
- Latitude
- 41.7508
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA