431 E 79th Street, Chicago, IL 60619
Cook County
Key Facts
Description
Rare 11-Unit Investment Opportunity in Chicago's Chatham Neighborhood. Located on the busy 79th Street commercial corridor. Features 11 units, featuring separate living and dining rooms plus additional bonus rooms that can serve as office or flex space. The properties generate approximately $126,600 in current annual gross income, providing stable in-place cash flow with additional upside potential through future rent adjustments. Tenants pay their own electricity and cooking gas, while the owner provides boiler heat, helping maintain predictable operating expenses. The buildings total approximately 13,205 square feet of improvements and benefit from a high-visibility location along one of the South Side's primary commercial corridors, surrounded by neighborhood retail, transportation, and consistent residential demand. This property presents an attractive opportunity for investors seeking stable income, commercial frontage, and long-term value in a growing South Side submarket.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1926
Stories
3
Living Area
13,205 sq ft
Lot Size
7,158 sq ft
Lot Dimensions
50 x 143
Days on Market
49
MLS® Listing#
12601793
Property Features
Cooling
Construction
Financial Details
Annual Taxes
$21,086
Tax year 2024
Parcel Number
20342010010000
Directions
79th Street East to Vernon Ave.
Affordability Calculator
$145,000
Estimated monthly payment
$3,859/mo
Principal $580,000 · Est. interest $809,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,575
- Median Listing Price
- 36
- Median Days on Market
- 1,400
- Median Sq Ft
- $275
- Median Price / Sq Ft
- 4,277
- Active Listings
- This home’s price is 87% above the area median.
- Its price per sq ft is 80% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
St Dorothy's School
School · 0.2 mi away
Chicago Public Schools
Elementary · 0.2 mi away
Dixon Elementary School
Elementary · 0.5 mi away
Hirsch Metropolitan High School
Secondary · 0.6 mi away
New Concept School
School · 0.7 mi away
Betty Shabazz International Charter School
Elementary · 0.7 mi away
Tanner Elementary School
Elementary · 0.8 mi away
John T Pirie Fine Arts and Academic Center
School · 0.8 mi away
Lenart Elementary Regional Gifted Center
Elementary · 0.8 mi away
Neil Elementary School
Elementary · 0.9 mi away
Deneen Elementary School
Elementary · 1.0 mi away
Arthur Ashe Junior Elememtary School
Elementary · 1.0 mi away
Perspectives Leadership Academy
Secondary · 1.1 mi away
Chicago Public Schools
Elementary · 1.1 mi away
Park Manor Elementary School
Elementary · 1.1 mi away
Gary Comer College Prep
School · 1.1 mi away
Chicago Public Schools
Elementary · 1.1 mi away
Chicago Public Schools
Elementary · 1.2 mi away
Simeon Career Academy School
School · 1.2 mi away
Chicago Public Schools
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1200 W MONROE Street 607, Chicago, IL | $509,000 | 2 | 2 | 1,279 |
| 1802 S State Street 310, Chicago, IL | $509,000 | 3 | 2 | — |
| 130 N Garland Court 1206, Chicago, IL | $510,000 | 2 | 2 | 1,336 |
| 1931 S Jefferson Street 2N, Chicago, IL | $510,000 | 3 | 2 | 1,450 |
| 7914 S Essex Avenue, Chicago, IL | $510,000 | 9 | 3 | — |
| 2724 W Cortez Street 3, Chicago, IL | $510,000 | 2 | 2 | 1,200 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: eXp Realty - (773) 510-7584
Last Updated: 2026-03-25