2036 79th St Chicago, IL 60620-5721

This exceptional investment opportunity presents a 12,690 square foot, two-story commercial building situated on a 0.76-acre lot (33,174 sq ft) at 2036 W 79th St, Chicago, IL 60620. Built in 1960, the property currently operates as a funeral home with a 100% occupancy rate as of August 9, 2024. The building features a large chapel, multiple viewing rooms, and ample office space, complemented by 43 parking spaces. Its B1-1 zoning allows for a wide range of commercial uses, presenting significant redevelopment potential for investors. The property's prime location in the Auburn Gresham neighborhood offers excellent visibility and accessibility from major thoroughfares, including 79th Street, Western Avenue, and Ashland Avenue, with convenient access to Interstate-94. This fee-simple ownership opportunity is priced at $875,000, translating to $68.95 per square foot. The property is eligible for City of Chicago incentives including the Neighborhood Opportunity Fund and the Small Business Improvement Fund (SBIF), offering potential financial benefits for buyers. This turnkey operation presents a unique chance to acquire a well-established business or to redevelop a strategically located property in a thriving Chicago neighborhood. The property is a single-unit building with a single tenant.