1732 E 79th St

1732 East 79th Street, Chicago, IL 60649

  • For Sale $1,100,000
  • Property Type Other
  • Property Size 15,000 SF
  • Units 0
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Year Built 1928
  • Date Updated Sep 12, 2024

The Multifamily Investment Advisors with KW Commercial and Keller Williams ONEChicago are pleased to present the mixed-use property at 1732 E. 79th St. This mixed-use property consists of 10 residential units and 4 retail units, providing a balanced income stream from both residential and commercial tenants.

 

Residential Units (10 Total)

  • 2 Studios

  • 3 One-Bedroom Units

  • 3 Two-Bedroom Units

  • 2 Three-Bedroom Units

Retail Units (4 Total)

 

Location and Neighborhood

The South Shore neighborhood is a vibrant community located along the southern lakefront of Chicago, known for its historic homes, cultural attractions, and proximity to Lake Michigan. Key features include:

  • Cultural Attractions: South Shore Cultural Center, Jackson Park, and proximity to the future site of the Obama Presidential Center.

  • Transportation: Easy access to public transportation, including multiple bus routes and the Metra Electric Line, facilitating convenient commutes to downtown Chicago.

  • Amenities: Nearby shopping centers, restaurants, and recreational facilities.

  • The property’s location in the South Shore neighborhood offers a blend of residential comfort and retail convenience. Its proximity to public transportation and major cultural landmarks enhances its appeal to both residential tenants and retail businesses.

 

Financial Performance

The property’s 9.58% cap rate indicates a solid return on investment, making it an attractive option for investors seeking steady cash flow. Detailed financial analysis and projections will provide further insight into potential income and expenses.

 

Value-Add Potential

Opportunities for value enhancement include:

  • Potential rent increases

  • Property renovations

  • Strategic leasing of retail spaces to high-demand businesses

 

1732 E. 79th St. presents a compelling investment opportunity in Chicago’s South Shore neighborhood. With a balanced mix of residential and retail units, a solid cap rate, and strategic location, this property is well-positioned to deliver consistent returns and long-term growth for investors. Further due diligence, including a detailed financial analysis, is recommended to fully assess the property’s investment potential.

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Contacts

broker

Tony Hardy

Keller Williams ONEChicago

broker

Travis Montgomery

Keller Williams ONEChicago

broker

Ariana Abercrumbie

Keller Williams ONEChicago

broker

Kelly Rich

Keller Williams ONEChicago

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Stony Island

    1.04 miles

  • South Shore

    1.26 miles

  • 83rd Street

    1.62 miles

  • 87th Street

    1.96 miles

  • King Drive

    2.63 miles

  • 55th-56th-57th Street

    2.85 miles

  • 95th/Dan Ryan

    3.02 miles

  • Gresham

    3.40 miles

  • Garfield

    3.53 miles

  • Halsted

    3.74 miles

  • Fuel Star

    0.48 miles

  • BP

    0.56 miles

  • Midwest

    0.57 miles

  • BP

    0.62 miles

  • 2001

    0.66 miles

  • All Star

    0.71 miles

  • Citgo

    0.80 miles

  • BP

    0.94 miles

  • Amstar

    0.95 miles

  • BP

    1.04 miles

  • Dorchester Parking Lot

    2.35 miles

  • Campus South Parking

    2.57 miles

  • 93rd (South Chicago)

    2.57 miles

  • Lexington Parking Lot

    2.68 miles

  • Parkiing / Mat Mgmt

    2.80 miles

  • Medical Campus Parking Garage A

    2.87 miles

  • Medical Campus Parking Garage B

    3.04 miles

  • Campus North Parking Garage

    3.11 miles

  • City of Chicago Auto Pound

    3.27 miles

  • Garfield Park & Ride

    3.58 miles

  • South Shore Motel

    0.34 miles

  • Empire Motel

    1.22 miles

  • Skyway Motel

    1.62 miles

  • Admiral Motel

    1.98 miles

  • Best Motel

    2.37 miles

  • The Study at the University of Chicago

    2.44 miles

  • Sophy Hotel

    3.33 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.37 miles

  • Chicago Lake Shore Hotel

    3.73 miles

  • Royal Motel

    3.81 miles

  • Taco Bell

    0.24 miles

  • White Castle

    0.25 miles

  • That's a Burger

    0.55 miles

  • KFC

    0.55 miles

  • Popeyes

    0.58 miles

  • Carl's Red Hots

    0.61 miles

  • KFC

    0.64 miles

  • The Woodlawn

    0.67 miles

  • Chuckies Grill

    0.68 miles

  • Stony Sub

    0.75 miles

  • Former South Shore High School

    0.34 miles

  • Our Lady of Peace School

    0.34 miles

  • Horace Mann Elementary School

    0.40 miles

  • South Shore International College Preparatory High School

    0.51 miles

  • Avalon Park Elementary School

    0.52 miles

  • Saint Paul Evangelical Lutheran School

    0.53 miles

  • Second Chance Tutoring

    0.63 miles

  • Clara Muhammad Elementary School

    0.66 miles

  • Saint Felicitas School

    0.67 miles

  • James Madison Elementary School

    0.70 miles

  • Kenyatta's Day Care and Learning Center

    0.92 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    1.22 miles

  • DJ Brooks Child Development Center

    1.23 miles

  • Shining Star Child Development

    2.29 miles

  • Mari's Bumble Bee Academy

    2.82 miles

  • Restoring the Seed Childcare

    3.00 miles

  • UChicago Child Development Center - Drexel

    3.05 miles

  • Shining Star Child Development

    4.12 miles

  • Daycare

    4.42 miles

  • Me & You Learning Academy

    5.28 miles

Frequently Asked Questions

How much does 1732 E 79th St cost?

The space currently listed for sale at 1732 E 79th St asks for $1,100,000.

What is the total square footage of 1732 E 79th St?

1732 E 79th St totals 15,000 square feet.

When was this property built?

1732 E 79th St was built in 1928.

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