1656 W 79th St - Apartments FOR SALE


Chicago, IL 60620- Gresham
$480,000 USD
312-676-1866
1656 W 79th St, Chicago, IL for Sale
$480,000 USD
Apartments - FOR SALE
1/7
null | 9.2% Cap Rate

1656 W 79th St
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • 79th Street Frontage
  • Corner Location
  • Basement Space
  • 100% Occupied
  • On-Site Parking

OVERVIEW

Prime investment opportunity with this well-maintained 8-unit mixed-use building located on the high-visibility corner of 79th Street and Paulina in Chicago. The attractive red brick property features one ground-floor retail unit, currently occupied by a long-standing hair salon, along with seven residential units above. The residential mix includes six 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment, offering a steady rental base with the majority of tenants on flexible month-to-month leases. Classic Chicago brick architecture with enclosed front entryways, rear balconies, and a partial basement. Many updates have already been completed, reducing near-term capital needs for a new owner. On-site parking for approximately 10 vehicles further enhances the property’s appeal, providing convenience for both residents and retail customers.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

8

PRICE/UNIT

$60,000

CAP RATE

9.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Mixed-Use Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B1-1

APN/PARCEL ID

20-30-434-037-0000

ASK ABOUT THIS PROPERTY

Samuel SilveiraSVN | Chicago CommercialMore Info
312-676-1866

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Samuel SilveiraSVN | Chicago CommercialMore Info
312-676-1866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.