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1640 W 79th Street

Chicago, IL 60620
  • $800,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 12544902
$800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Area:

School Ratings & Info

Description

Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-07T21:07:13.96 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1640 W 79th Street Chicago, IL 60620

  • Price: $800,000
  • Status: Active
  • On Site: 26 Days
  • MLS #: 12544902
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2008
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.
Exterior Features

Frontage Type City Street Outdoor Parking 6-12 Spaces

Interior Features

Cooling Central Air Heat Ventilation Ceiling Units Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Association Fee Frequency Not Applicable Building Area Total 8200 Current Use Commercial Electric Circuit BreakersOver 600 AmpsThree Phase Fire Protection None Gross Income 0 Gross Scheduled Income 186136 Insurance Expense 3502 Leasable Area 5500 Location Central Business District Mls Actual Status Active Net Operating Income 86340 Operating Expense 0 Property Offered For Sale or Rent Property Sub Type Shopping Center Rental Price 20 Tax Annual Amount 28138.9 Tax Year 2024 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoofScavengerTax StopsSewerVaries by TenantAll UtilitiesTrash Collection Type Retail/Stores Zoning RTAIL

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of First Western Properties: 773-545-2000.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-07T21:07:13.96 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611