New Listing
509-511 E 79th Street,Chicago, IL 60619
Chicago, IL 60619
Description
***PRIME 8-UNIT MIXED-USE INVESTMENT OPPORTUNITY WITH 2 STOREFRONTS*** Excellent opportunity to own a high-potential 8-unit mixed-use property featuring 2 commercial storefronts and 8 residential units. 7 of the 8 units are currently rented, providing immediate cash flow with additional upside through rental increases. This property offers strong income stability with long-term tenants in place and clear value-add potential. While the building needs some work, it presents the perfect opportunity for an investor looking to reposition and increase NOI. With strategic updates and management, rents can be brought to market rate to significantly enhance returns. The 2 storefronts offer excellent visibility and foot traffic, positioned next to established businesses, creating consistent exposure and demand. Ideal for Investor or 1031 Exchange Buyer. Whether you are looking to expand your portfolio or secure a mixed-use asset with upside potential, this property checks all the boxes. Serious inquiries only. Proof of funds required. This is an "as-is" sale.
Details
| MLS # | 12737167 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 5 |
| Listing Provided By | Century 21 S.G.R., Inc. | Jessica Hayes |
Features
| Story(s) | 2 |
|---|---|
| Units | 10 |
| Acreage | 0.14 |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Block |
| Construction Materials | Brick |
Utilities
| Utilities | Water Available |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 18073.88 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Chatham |
| Listing VS Median (in 60619) | |
Price: $399,000 low | high Med: $169,900 On site: 5 low | high Med: 37 | |
Market Activity 60619
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60619 |
| Area | CHI Chatham |
| Listing VS Median (in 60619) | |
Price: $399,000 low | high Med: $169,900 On site: 5 low | high Med: 37 | |
