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East Chatham Multifamily Investment Opportunity
For Sale
$750,000

932-944 E 79th Street, Chicago, IL 60619

18-unit multifamily building in East Chatham, value-add potential.

Days on Market155

Property Features for 932-944 E 79th Street

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1926
Listing Agency:
Listed By: Phillip Gross · License #475178997
Source: 33realty
Added: Feb 25 Changed: Jul 10 Last Checked: Jul 30 at 4:48AM

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 Phillip Gross

Investment Insights

Based on property information with market context.

This 18-unit multi-family building in the East Chatham area presents an investment opportunity for a value-add owner. The property is positioned for future growth and scalable income potential, allowing investors to capitalize on property rehabilitation and leverage rents. The unit mix includes four 2-bedroom/2-bathroom units, six 2-bedroom/1-bathroom units, two 1-bedroom/1-bathroom units, and six retail spaces. Zoned B3-2, the property allows for versatile usage. The property is located just east of the Chatham neighborhood, providing access to various amenities. An assumable loan at 4.5% is available.

Key Highlights

  • Prime investment opportunity in the East Chatham area with scalable income potential.
  • Assumable loan at 4.5%.
  • Large 18‑unit multi‑family building.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Gym & Fitness Center (Bike/Boat/Book/etc) Store Plumbing Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,279
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 18-unit multifamily building in East Chatham, value-add potential.
Where is this apartment building located?
The property is located at 932-944 E 79th Street Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime investment opportunity in the East Chatham area with scalable income potential.; Assumable loan at 4.5%.; Large 18‑unit multi‑family building.
More about this property
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