509-511 E 79th Street Chicago, IL 60619
Commercial-Other
MLS #: 12737167
Listed By CENTURY 21 S.G.R., Inc.
Property InformationDescription
***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.
Features
- Age: Over 50 Years Old
- Building Area: 0.00 SF
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 6229 Sq. Ft.
- MLSID: 12737167
- Parking Places: 0
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Taxes: $18074.00
- Year Built: 1923
