301-315 W 79th Street Chicago, IL ^$ 1,050,000

301-315 W 79th Street

^$ 1,050,000

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301-315 W 79th Street

Chicago, IL, 60620

^$ 1,050,000

Studio Baths0.0 Sq 7,600

Monthly Estimate*

^$ 6,979

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Studio

Commercial Property for sale in Chicago, IL

for $1,050,000. This 7,600 square foot building was built in 2005 on a lot size of 0.450528.

Offered is a bustling strip mall nestled within a nearly fully occupied brick building, situated in the dynamic heart of West Chatham. This presents an exceptional investment prospect, capitalizing on substantial pedestrian flow. Erected in 2005, the retail hub houses six thriving storefronts. Its prime position ensures exceptional visibility, augmented by prominent pylon signage, and an expansive on-site parking area accommodating up to 29 vehicles. Recent enhancements include a partial roof replacement and resurfaced parking lot. With an expansive 7,550 square feet of space, the structure boasts robust all-brick construction. Lease arrangements operate on a modified gross basis, with tenants accountable for utilities, rendering it a highly lucrative venture.

Commercial Active

Price

^$ 1,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 57,540

Style

Commercial

Lot Size

0.450528

Year Built

2005

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12036686

Features

General

Cooling Central Air

Utilities Electric to Site Gas to Site

Zoning COMMR

Construction Materials Concrete

Year Built 2005

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat

Stories 1

Township Lake

Property SubType Free Standing Store Strip Center

Tax Year 2022

Current Use Commercial

Gross Income 186216

County Cook

Net Operating Income 112408

Operating Expense 73808

Insurance Expense 6018

Property Type Commercial Sale Retail/Stores

Status Active

Directions I-94 to 79th Street W to Property. SWC of Princeton Avenue.

City Chicago

NumberOfUnitsTotal 6

MLS Area CHI - Chatham

Lot Size Square Feet 19625

Street Name 79th

Tax Annual Amount 57540

Additional Parcels Y/N Y

Leasable Area 950

Days on Market 14

Lease Type Gross

Standard Status Active

Interior

Flooring Concrete Tile Other

Street Suffix Street

Exterior

Foundation Details Concrete Perimeter

Building Area Total 7600

Lot Dimensions 125X157

Frontage Type City Street Frontage Road Public Road Signal Intersection

Exterior Brick

* Excluded Features

List By

Mega Usa Properties, Inc.

Broker

adrianne.han@gmail.com

Affordability Calculator

$11,774

Per Month

Monthly Principal & Interest: $6,979
Monthly Property Taxes: $4,795
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$844,965

Percent of Sale Price 20%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/23/2024	$1,050,000		Listed Price

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301-315 W 79th Street, Chicago, IL, 60620 is a Commercial Property for sale at $1,050,000 with 7,600 sqft and a lot size of 0.450528. 301-315 W 79th Street is a studio with 0.0 baths and was built in 2005. The property's zip code is 60620 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 6/6/2024.

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301-315 W 79th Street

Commercial Property for sale in Chicago, IL

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