Property profile

301 W 79Th St Chicago, IL 60620

FOR SALE
Retail space
Property ID
US28-5845896
6,000 SF 0.11 ac lot Built 1940
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,600 square foot multi-tenant retail storefront in Chicago's vibrant West Chatham neighborhood. Built in 2005, this Class B property boasts six thriving storefronts within a nearly fully occupied brick building, offering a strong 10.71% cap rate at an asking price of $1,050,000. The property sits on a 0.45-acre lot and features ample on-site parking (29 spaces), prominent pylon signage for excellent visibility, and a modified gross lease structure where tenants cover utilities. Recent improvements include a partial roof replacement and a resurfaced parking lot. The building features a 12-foot clear ceiling height and is zoned C1-1. The property's robust all-brick construction and prime location ensure a high return on investment. This owner-user or investment opportunity is ideal for those seeking a strong cash flow and significant upside potential in a thriving Chicago market. The property's APN is 20-33-201-003-0000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 6,000 SF
Lot 0.11 ac (4,920 SF)
APN 20-34-104-001
UPID US28-5845896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center
  • (Bike/Boat/Book/etc) Store

Location

301 W 79Th St Chicago, IL 60620
Chicago metro Census 440300 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2013
7 recorded transactions
2019
Price N/A
2018
Price N/A
2018
Price N/A
2013
$190,000
2007
$175,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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