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2445 79th St Chicago, IL 60652

OFF-MARKET Retail space Google Maps
2,400 SF 0.07 ac lot Built 1966
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US28-1405010

Property summary

AI-generated overview

This exceptional multifamily investment opportunity presents a 3-story, terra cotta yellow brick building located at 2445 E 79th Street in Chicago, Illinois, zip code 60649. Currently configured as eight one-bedroom apartments and three stores, the property offers significant upside potential. The building boasts approximately 750 to 1,000 square feet of space and includes a large brick garage. Priced at $299,000, this property is a complete gut renovation, presenting a blank canvas for the next owner. High ceilings throughout the building add to its appeal. Existing plans for conversion into a living facility are available. The property's location in Cook County provides access to a vibrant community and strong rental market. This is an ideal opportunity for an owner-user seeking to create their dream project or for an investor looking for a high-return, value-add investment. The property's size and layout offer flexibility for a variety of uses, making it a truly unique and promising investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is sold as-is.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Total area 2,400 SF
Lot 0.07 ac (3,125 SF)
APN 19-36-206-006
UPID US28-1405010

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
  • Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2024
Last sale
$229,000
1 recorded transaction
2024
$229,000

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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