Property profile

400-424 79Th St Chicago, IL 60620

OFF-MARKET
Land
0.58 ac lot
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Property summary

AI-generated overview

This exceptional 0.58-acre commercial land parcel, located at 400-424 W 79th St in Chicago's vibrant Auburn Park neighborhood, presents a compelling investment opportunity. Boasting a highly visible hard corner location at the intersection of 79th Street and Vincennes Avenue, this 25,650 square foot site offers 250 feet of frontage on 79th Street. The C1-2 zoning allows for a wide range of development possibilities, with special use permits potentially accommodating uses such as gas stations and quick-service restaurants. This prime location benefits from strong surrounding retail, including established businesses like McDonald's, ALDI, Planet Fitness, and Forman Mills, ensuring high traffic and visibility. The property's 2023 taxes were $12,253. This is an excellent opportunity for developers and investors seeking a strategically located site with significant potential for growth and return. The property is situated just 11 miles from downtown Chicago, within a dense urban area featuring a mix of residential properties, locally owned restaurants, and boutiques. This site offers a unique blend of accessibility, visibility, and development flexibility, making it an ideal investment for those seeking to capitalize on the South Side's burgeoning market.

Property profile

Verified
Property type Land
Lot 0.58 ac (25,265 SF)

Cap rate & NOI

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

Location

400-424 79Th St Chicago, IL 60620
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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