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Auburn Gresham Mixed-Use 1641-1645 W 79th St

18 Unit Apartment Building $650,000 ($36,111/Unit) Chicago, IL 60620

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Investment Highlights

Open canvas for Development
79th Street TIF

Prime Chicago Corridor

Executive Summary

Attention Savvy Investors! This property at 1641 W 79th Street, Chicago, presents a golden opportunity to complete a renovation and unlock substantial upside potential. With a 6,800 SF building offering ample space for multifamily investment, this is the perfect canvas for a visionary investor to transform and elevate. The 20 units mixed offering promises a significant rental income opportunity, while the assumable debt at 4.5% adds further appeal. Take advantage of this quality blank canvas and leverage a large upside in the flourishing Auburn Gresham area. It's time to turn potential into profit with this remarkable investment prospect!

1641-W-79th-Chicago-20-Unit Multi-Family-76507

Financial Summary (Pro forma - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$650,000	Building Class	B
Price Per Unit	$36,111	Lot Size	0.22 AC
Sale Type	Investment	Building Size	27,273 SF
Sale Conditions	Bulk/Portfolio Sale High Vacancy Property	Average Occupancy	0%
No. Units	18	No. Stories	3
Property Type	Multifamily	Year Built	1928
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.26/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$650,000
Price Per Unit	$36,111
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale High Vacancy Property
No. Units	18
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	B
Lot Size	0.22 AC
Building Size	27,273 SF
Average Occupancy	0%
No. Stories	3
Year Built	1928
Parking Ratio	0.26/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.