Chicago, IL 60620 1640 W 79th Street
$800,000
19 more
Presented By: First Western Properties
SQFT • 8,200
Home Details
Value Add Newer 9 Unit Strip Center in Auburn Gresham community. Located on 79th street, just 1 block west of high traffic intersection of 79th and Ashland. This is tremendous value add opportunity to acquire 8,194 sf strip center for under $100/sf. Well below replacement cost! Proper management and leasing can turn this property around quickly. Property was build for $1,400,000 and appraised for $2,000,000.
Presented By: First Western Properties
General for 1640 W 79th Street
Additional Parcels Y/NYes
Assoc Fee Paid PerNot Applicable
CityChicago
CoolingCentral Air
CountyCook
Current UseCommercial
DirectionsI90/95 Expressway to 79th, West to Property. 1/2 block west of Ashland on 79th.
ElectricCircuit Breakers, Over 600 Amps, Three Phase
Electric Expense
Fuel Expense
Gross Income
Insurance Expense3502
Leasable Area5500
Lease TypeGross
Lot Size Square Feet16610
MLS AreaCHI - Auburn Gresham
Net Operating Income86340
Number Of Units Total9
Operating Expense0
Property SubtypeShopping Center
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount28138.9
Tax Year2024
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Tax Stops, Sewer, Varies by Tenant, All Utilities, Trash Collection
Trash Expense0
Year Built2008
ZoningRTAIL
Exterior for 1640 W 79th Street
Building Area Total8200
Frontage TypeCity Street
Lot Dimensions157 X 106
Additional Details
Price History
