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1755-1759 W 79th St 6,818 SF 100% Leased Retail Building Chicago, IL 60620 $360,000 ($52.80/SF)
INVESTMENT HIGHLIGHTS
- Corner location- good visibility
- Great income opportunities
- Heavy daytime traffic (12,000vpd on 79th St)
EXECUTIVE SUMMARY
Single story multi unit retail building for sale in Auburn Gresham neighborhood.
Main Street, corner location : 79th St & Wood St. Busy , densely populated area with multiple retail stores, local businesses and apartment buildings.
Building is currently divided into 3 units (1755 & 1757 & 1759)- total of 6,818 sq ft. One of the units is rented out with monthly income of $2,200/ month - current lease will exp in October of 2030.
RE Taxes (2023) $21,399.64
Main Street, corner location : 79th St & Wood St. Busy , densely populated area with multiple retail stores, local businesses and apartment buildings.
Building is currently divided into 3 units (1755 & 1757 & 1759)- total of 6,818 sq ft. One of the units is rented out with monthly income of $2,200/ month - current lease will exp in October of 2030.
RE Taxes (2023) $21,399.64
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$26,400
|
$3.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,400
|
$3.87
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $26,400 |
| Annual Per SF | $3.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $26,400 |
| Annual Per SF | $3.87 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,818 SF
Building Class
C
Year Built
1927
Price
$360,000
Price Per SF
$52.80
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
B1-1 - b1-1 Neighborhood Shopping District
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Zee's Food Market
- Retailer
- 3,000 SF
- -
- Oct 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Zee's Food Market | Retailer | 3,000 SF | - | Oct 2030 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
2,500 square foot retail space available for lease.
1,000 square foot retail space available for lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,500 SF | Retail | In-Line | 30 Days |
| 1st Floor | 1,000 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1st Floor
| Size | 2,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
2,500 square foot retail space available for lease.
1st Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
1,000 square foot retail space available for lease.
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 20-31-204-001-0000 | Improvements Assessment | $135,077 |
| Land Assessment | $16,173 | Total Assessment | $151,250 |
PROPERTY TAXES
Parcel Number
20-31-204-001-0000
Land Assessment
$16,173
Improvements Assessment
$135,077
Total Assessment
$151,250
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1755-1759 W 79th St
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