505 West 79th StreetChicago, IL 60620Price: $425,000

  • Price: $425,000
  • 128 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3,300Square Feet
  • 1889Year Built

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Welcome to this exceptional investment opportunity in the heart of vibrant and bustling Auburn Gresham. This multi-unit building boasts tremendous potential with six apartments, three spacious storefronts, and a full basement, offering an array of possibilities for savvy investors or entrepreneurs looking to capitalize on the area's growth. The building features six apartments, each with its own unique layout and potential. With a mix of 1 and 2 unit sizes, there is an opportunity to cater to a diverse tenant base, maximizing rental income potential once renovated. The apartments are situated on a highly visible corner, the three storefronts offer excellent exposure and foot traffic. Imagine the possibilities for retail shops, cafes, restaurants, or even office spaces, attracting patrons from both local residents and passersby. The expansive full basement presents a blank canvas for additional storage, utility space, or even the potential to create additional usable areas, further enhancing the property's value. Nestled in a sought-after area, this property benefits from its strategic corner location, ensuring high visibility and easy accessibility for both tenants and customers. The neighborhood's dynamic atmosphere and diverse amenities make it a prime destination for businesses and residents alike. Bring your imagination and expertise to transform this diamond in the rough into a gem that will surely yield significant rewards. Schedule a showing today and seize this remarkable opportunity!

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Listed by Tiesha Campbell of Coldwell Banker Realty

Based on information submitted to MRED  as of December 6, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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