741 W 79Th St Chicago, IL 60620

741–747 W. 79th Street is a rare, immediately income-producing multi-tenant retail strip positioned along one of Chicago's most actively revitalizing South Side commercial corridors. Offered at $408,000 — approximately $85.40 per square foot — this asset presents a compelling entry-point basis for investors seeking a blend of in-place cash flow, near-term value-add potential, and long-term corridor appreciation. The property comprises four street-facing retail storefronts totaling 4,778 square feet on a 7,500 square foot lot in Auburn Gresham (Chicago Community Area 71). Three of the four units are occupied by active commercial tenants — a convenience/grocery store, a children's tutoring center, and a fully built-out restaurant — generating immediate income. The fourth storefront is vacant and move-in ready, representing a direct lease-up upside opportunity that investors can monetize without additional capital investment. A standout feature not commonly found in retail assets at this price point is the full-footprint basement spanning the entire 4,778 square feet beneath the building. With original limestone walls, structural steel framing, and full plumbing rough-ins already in place, the lower level dramatically increases the total utility of the asset and opens the door for back-of-house operations, commercial storage, or future adaptive reuse. The surrounding 79th Street corridor is in the midst of a well-documented public and private investment surge. The $35 million Auburn Park Metra Station — now under construction steps from the property — is slated for completion in 2026 and will fundamentally transform commuter accessibility for the neighborhood. Combined with the City of Chicago's INVEST South/West initiative, the adopted 79th Street Corridor Plan, and active streetscape improvements, this corridor is rapidly establishing itself as one of the city's premier South Side repositioning plays. For the value-add investor, the stabilized-tenancy core provides downside protection while the vacant unit, below-market rents, Enterprise Zone incentives, and Metra-driven appreciation create multiple levers for upside. At $408,000, this is a compelling acquisition at well below replacement cost in a neighborhood on the cusp of a generational inflection point.