Urban Income Goldmine: 6-Unit Building in Chicago's Highly Desirable W 79th Street Corridor

301 W 79th St Chicago, IL 60620

301 W 79th St , Chicago, IL, 60620
Front exterior photo of entire strip
301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620 301 W 79th St , Chicago, IL, 60620
FOR SALE
Property Type:
Street Retail
Amount:
$999,000
Last Verified:
Feb 17, 2025

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Highlights

  • - 7,600 SF building with 6 units
  • - Zoned C1-1 for commercial use
  • - Prime location in Chicago
  • - 80% occupancy rate
  • - High visibility and foot traffic
  • - Well-maintained and modern construction
  • - Diverse retail tenant mix
  • - Proximity to public transportation
  • - Strong historical rental performance
  • - Ample parking for customers
  • - Flexible floor plan for retail spaces
  • - Close to major amenities and businesses

Description

Introducing a prime investment opportunity in a bustling retail area - 301 W 79th St, Chicago, IL. This 7,600 SF building comprises 6 units and boasts an impressive 80% occupancy rate, offering a lucrative income stream. With its strategic Chicago location, this property presents a compelling proposition for retail and street retail investors looking to expand their portfolio. Don't miss the chance to add this high-performing asset to your investment portfolio.

Discover the perfect opportunity for Retail and Street Retail investors in the vibrant Chicago market. Located in the thriving neighborhood of 60620, the area offers a diverse and engaged consumer base ready to embrace new retail offerings. The location is surrounded by well-established amenities including the bustling commercial district along W 79th St, offering an array of dining, shopping, and entertainment options. Nearby landmarks like Chicago State University and West Chatham Park contribute to the area's lively atmosphere, attracting a steady flow of foot traffic. With its prime location and dynamic surroundings, this property presents an exceptional investment prospect in the heart of Chicago's retail scene.

Building Size: 7600sq ft
Lot Size: 0 acres


Documents

CAM01891G0-PR0256-STILL001.jpg

Map of 301 W 79th St , Chicago, IL, 60620

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.