Contacts
![broker]( https://cdn.commercialsearch.com/images/312BB0B9-F49E-43CF-9E4F-39B0B3647772/TonyHardy.jpeg?width=96)
Tony Hardy
Keller Williams ONEChicago
![broker]( https://cdn.commercialsearch.com/images/D677EC11-04E6-4064-AE5F-E6E7937A7580/TravisMontgomery.jpeg?width=96)
Travis Montgomery
Keller Williams ONEChicago
![broker]( https://cdn.commercialsearch.com/images/37844341-1FFA-4988-A8BB-E50DE51D142D/ArianaAbercrumbie.jpeg?width=96)
Ariana Abercrumbie
Keller Williams ONEChicago
![broker]( https://cdn.commercialsearch.com/images/49F78003-311F-4FD3-8FA1-D224F351B271/KellyRich.jpeg?width=96)
Kelly Rich
Keller Williams ONEChicago
Property Details
- Property Type Other
- Property Size 15,000 SF
- Units 0
- Additional Rent Contact for pricing
- # of Floors 3
- Year Built 1928
- Date Updated Sep 5, 2024
The Multifamily Investment Advisors with KW Commercial and Keller Williams ONEChicago are pleased to present the mixed-use property at 1732 E. 79th St. This mixed-use property consists of 10 residential units and 4 retail units, providing a balanced income stream from both residential and commercial tenants.
Residential Units (10 Total)
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2 Studios
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3 One-Bedroom Units
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3 Two-Bedroom Units
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2 Three-Bedroom Units
Retail Units (4 Total)
Location and Neighborhood
The South Shore neighborhood is a vibrant community located along the southern lakefront of Chicago, known for its historic homes, cultural attractions, and proximity to Lake Michigan. Key features include:
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Cultural Attractions: South Shore Cultural Center, Jackson Park, and proximity to the future site of the Obama Presidential Center.
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Transportation: Easy access to public transportation, including multiple bus routes and the Metra Electric Line, facilitating convenient commutes to downtown Chicago.
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Amenities: Nearby shopping centers, restaurants, and recreational facilities.
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The property’s location in the South Shore neighborhood offers a blend of residential comfort and retail convenience. Its proximity to public transportation and major cultural landmarks enhances its appeal to both residential tenants and retail businesses.
Financial Performance
The property’s 9.58% cap rate indicates a solid return on investment, making it an attractive option for investors seeking steady cash flow. Detailed financial analysis and projections will provide further insight into potential income and expenses.
Value-Add Potential
Opportunities for value enhancement include:
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Potential rent increases
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Property renovations
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Strategic leasing of retail spaces to high-demand businesses
1732 E. 79th St. presents a compelling investment opportunity in Chicago’s South Shore neighborhood. With a balanced mix of residential and retail units, a solid cap rate, and strategic location, this property is well-positioned to deliver consistent returns and long-term growth for investors. Further due diligence, including a detailed financial analysis, is recommended to fully assess the property’s investment potential.
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Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Chicago, IL
- Neighborhood South Shore
- Zip Code 60649
- Market Chicago
Points of Interest
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Stony Island
1.04 miles
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South Shore
1.26 miles
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83rd Street
1.62 miles
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87th Street
1.96 miles
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King Drive
2.63 miles
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55th-56th-57th Street
2.85 miles
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95th/Dan Ryan
3.02 miles
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Gresham
3.40 miles
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Garfield
3.53 miles
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Halsted
3.74 miles
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Fuel Star
0.48 miles
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BP
0.56 miles
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Midwest
0.57 miles
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BP
0.62 miles
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2001
0.66 miles
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All Star
0.71 miles
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Citgo
0.80 miles
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BP
0.94 miles
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Amstar
0.95 miles
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BP
1.04 miles
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Dorchester Parking Lot
2.35 miles
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Campus South Parking
2.57 miles
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93rd (South Chicago)
2.57 miles
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Lexington Parking Lot
2.68 miles
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Parkiing / Mat Mgmt
2.80 miles
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Medical Campus Parking Garage A
2.87 miles
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Medical Campus Parking Garage B
3.04 miles
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Campus North Parking Garage
3.11 miles
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City of Chicago Auto Pound
3.27 miles
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Garfield Park & Ride
3.58 miles
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South Shore Motel
0.34 miles
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Empire Motel
1.22 miles
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Skyway Motel
1.62 miles
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Admiral Motel
1.98 miles
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Best Motel
2.37 miles
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The Study at the University of Chicago
2.44 miles
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Sophy Hotel
3.33 miles
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Hyatt Place Chicago-South/University Medical Center
3.37 miles
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Chicago Lake Shore Hotel
3.73 miles
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Royal Motel
3.81 miles
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ALDI
0.31 miles
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Jewel-Osco
0.54 miles
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Zees Supermarket Plus
0.70 miles
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Save-A-Lot
0.83 miles
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Local Market Foods
0.99 miles
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Pete's Produce
1.07 miles
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ALDI
1.18 miles
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Save-A-Lot
1.50 miles
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Cecy's Molino De Masa
1.76 miles
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M & H Market
1.86 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.