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2916-2926 E 79th St
Chicago, IL 60649
 Multifamily Property For Sale · 9 Units

Apartment Buildings Illinois Chicago 2916-2926 E 79th St, Chicago, IL 60649

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EXECUTIVE SUMMARY

This multifamily mixed use building is three minutes away from the Illinois Quantum & Microelectronics Park that will be the first development at the 400-acre property at 8080 S. DuSable Lake Shore Drive. The site is estimated to have a $20 billion economic impact over the next decade and create thousands of jobs in quantum computing and related fields.

PROPERTY FACTS

Price Per Unit $192,292 CAD Building Class C
Sale Type Investment Lot Size 0.24 AC
Sale Condition High Vacancy Property Building Size 9,150 SF
No. Units 9 No. Stories 2
Property Type Multifamily Year Built 1923
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Parking Ratio 2.17/1,000 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.
Zoning RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District
Price Per Unit $192,292 CAD
Sale Type Investment
Sale Condition High Vacancy Property
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.24 AC
Building Size 9,150 SF
No. Stories 2
Year Built 1923
Parking Ratio 2.17/1,000 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.
Zoning RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 - 700
2+2 1 - 850
3+2 1 - 950

PROPERTY TAXES

Parcel Number 21-30-409-010-0000 Improvements Assessment $155,468 CAD
Land Assessment $26,957 CAD Total Assessment $182,425 CAD

PROPERTY TAXES

Parcel Number
21-30-409-010-0000
Land Assessment
$26,957 CAD
Improvements Assessment
$155,468 CAD
Total Assessment
$182,425 CAD
 

  • Listing ID: 32781374

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 2916-2926 E 79th St, Chicago, IL 60649

The South Shore Multifamily Property at 2916-2926 E 79th St, Chicago, IL 60649 is currently available. Contact SpirrCo Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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