1728 79Th St, Chicago, IL 60649
This exceptional investment opportunity presents a 7,600 square foot storefront property located at 1728 E 79th Street in Chicago, Illinois. The property, situated on a 10,854 square foot lot (APN 20-25-326-040-0000), is zoned B3-2 and comprises five units within a single-story building. Currently, the property requires complete rehabilitation and is being sold "as-is, where-is." Its prime location on a busy stretch of E 79th Street offers significant potential. The property benefits from high visibility, being directly across from Cleveland's Outlet. Excellent public transportation access is another key advantage, with proximity to the #79 79th Street bus route, 0.2 miles from the #28 Stony Island bus route, and 0.8 miles from the 79th/Chatham Metra station. Importantly, this property is designated as cannabis-eligible under the Illinois Cannabis Social Equity Program, presenting a unique opportunity for investors. The asking price for this substantial retail space is $125,000. This is a rare chance to acquire a significant retail property in a high-traffic area with considerable upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.