505 West 79th Street, Chicago, IL

$410,000

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About 505 West 79th Street

Welcome to this exceptional investment opportunity in the heart of vibrant and bustling Auburn Gresham. This multi-unit building boasts tremendous potential with six apartments, three spacious storefronts, and a full basement, offering an array of possibilities for savvy investors or entrepreneurs looking to capitalize on the area's growth. The building features six apartments, each with its own unique layout and potential. With a mix of 1 and 2 unit sizes, there is an opportunity to cater to a diverse tenant base, maximizing rental income potential once renovated. The apartments are situated on a highly visible corner, the three storefronts offer excellent exposure and foot traffic. Imagine the possibilities for retail shops, cafes, restaurants, or even office spaces, attracting patrons from both local residents and passersby. The expansive full basement presents a blank canvas for additional storage, utility space, or even the potential to create additional usable areas, further enhancing the property's value. Nestled in a sought-after area, this property benefits from its strategic corner location, ensuring high visibility and easy accessibility for both tenants and customers. The neighborhood's dynamic atmosphere and diverse amenities make it a prime destination for businesses and residents alike. Bring your imagination and expertise to transform this diamond in the rough into a gem that will surely yield significant rewards. Schedule a showing today and seize this remarkable opportunity!

Features of 505 West 79th Street

MLS® # 11848194
Price $410,000
Bathrooms 0.00
Acres 0.00
Year Built 1889
Type Commercial Sale
Sub-Type Multi Family 5+
Status Price Change

Community Information

Address 505 West 79th Street
Area CHI - Chatham
City Chicago
County Cook
State IL
Zip Code 60620

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 271
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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