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Property profile & analytics

3049 79th Pl, Unit 1 Chicago, IL 60617-1434

  • Residential income homes
  • 2,294 SF
  • 0.09 lot acres
OFF-MARKET
Value Estimation
$245,000
Last Sale
Nov 10, 2020
$190,000
Location Intelligence
Property ID
US28-2300450
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,581
$3,875
$8,671
$12,546
-
$38,750
$86,710
$125,460
More about this property
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