Chicago, IL 60649 2032 E 79th Street
$275,000



0 more
Presented By: EXIT Strategy Realty
Home Details
Located along the re-emerging 79th Street corridor in HIGHLY SOUGHT AFTER SOUTH SHORE this mixed-use building offers STRONG INCOME potential for the almost any investor The property includes approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT, two OVERSIZED 3 BEDROOM residential units, and rear PARKING FOR 5+ vehicles. With flexible zoning and corridor visibility, this asset is WELL POISED for repositioning, stabilization, or long-term REDEVELOPMENTand has the ability to leverage public and community-based funding tools that can significantly enhance returns. Set up your viewing and we can show you how programs that exist can help like: TIF (Tax Increment Financing), Community Development Grants, Small Business Improvement Programs (SBIF) Community Development Block Grant (CDBG) Funding Energy Efficiency and Sustainability Programs ComEd rebates, state energy grants, and federal tax reduction programs for upgrading to efficient HVAC, lighting, or building Workforce and Job Creation Funding programs New Markets Tax Credits (NMTC) With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, lakefront access, strong residential density, and infrastructure investment this B3-2 ZONED parcel has the flexibility you want when you have the ability to combine Commercial and Residential. Sold AS-IS, WHERE-IS, this is a strategic acquisition for investors and owner-operators who understand how to align private capital with public funding. Contact to set up your private tour and receive detailed information
Presented By: EXIT Strategy Realty
General for 2032 E 79th Street
Additional Parcels Y/NNo
CityChicago
CoolingNone
CountyCook
DirectionsEast/West on 79th to Chappel, located on north east corner
ElectricCircuit Breakers, Service - 201 to 600 Amps
Electric Expense140
Fuel Expense150
Gross Income1000
Insurance Expense300
Lot Size Square Feet14400
MLS AreaCHI - South Shore
Number Of Units Total5
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount10011.78
Tax Year2024
Trash Expense100
Water Sewer Expense200
Year Built1923
ZoningCOMMR
Exterior for 2032 E 79th Street
Lot Dimensions120x124
Additional Details
Price History
