Address
431 E 79th Street, Chicago, IL
Price
$ 725,000
Property Attributes
- MLS#12602864
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Chatham
- Zip60619
- Style
- Year Built1926
- Taxes$ 21085
- Price$ 725,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13205
- Lot Size0.16 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property 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 $110,375 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.
| Price History | |
|---|---|
| 3/26/2026 | Listed $725,000 |
General Features
| Cooling | Central Air,Window Unit(s) |
|---|---|
| Construction Materials | Brick |
| Year Built | 1926 |
| Electric | Circuit Breakers,Service - 0 to 100 Amps |
| Tenant Pays | Electricity,Varies by Tenant |
| Stories Count | 3 |
| Tax Year | 2024 |
| Gross Income | 110375 |
| County | Cook |
| Net Operating Income | 61245 |
| Operating Expense | 65355 |
| Insurance Expense | 16905 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 6520 |
| Status | Active |
| Directions | 79th Street East to Vernon Ave. |
| City | Chicago |
| Number Of Units Total | 11 |
| MLS Area | CHI - Chatham |
| Lot Size Square Feet | 7158 |
| Tax Annual Amount | 21085.76 |
| Electric Expense | 565 |
| Fuel Expense | 11046 |
| Trash Expense | 1638 |
| Water Sewer Expense | 7596 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Building Area Total | 13205 |
|---|---|
| Lot Dimensions | 50 x 143 |
| Lot Size Acres | 0.16 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60619
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
