509-511 E 79th Street, Chicago, IL, 60619

$399,000

0.14

Acres

About 509-511 E 79th Street

***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.

Additional Information: This property is located in the CHI - Chatham neighborhood, IL. This bedrooms mixed use property is priced at $399,000.

Facts & Features

MLS® # 12737167
Price $399,000
Bathrooms 0.00
Taxes $18,074
Acres 0.14
Year Built 1923
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 509-511 E 79th Street
Area CHI - Chatham
City Chicago
County Cook
State IL
Zip Code 60619

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Composition
Foundation Block

Additional Information

Days on Market 7
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $18,074

Listing Details

OfficeCentury 21 S.G.R., Inc.

Listing Map

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