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$255,000
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Property Description
Located along the rapidly re-emerging 79th Street Corridor in HIGHLY SOUGHT-AFTER SOUTH SHORE, this MIXED-USE investment opportunity offers tremendous upside for investors and owner-operators alike. The property features approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT SPACE, two OVERSIZED 3-BEDROOM residential units, and PARKING FOR 5+ VEHICLES. This B3-2 ZONED asset is WELL-POISED for stabilization, repositioning, or long-term REDEVELOPMENT, with potential access to valuable funding resources including TIF, SBIF, CDBG, NMTC, energy efficiency incentives, and other community development programs designed to enhance investment returns. With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, the emerging QUANTUM CAMPUS DEVELOPMENT, the lakefront, public transportation, and ongoing infrastructure investment, this property offers the flexibility and location investors seek in a growing market. Sold AS-IS, WHERE-IS. Come to one of our Hard Hat walk throughs or schedule your private tour today and discover the potential this strategic acquisition can deliver.
Full Property Details
Full Property Details for 2032 E 79th St
General
- Price: $255,000
- Taxes: $10,011 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12681697
- Updated: 6/24/2026
- Added to Site: 15 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - South Shore
- County: Cook
- Driving Directions: East/West on 79th to Chappel, located on north east corner
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: None
- Heating Type: Ceiling Units, Central Heat/Individual Controls
Utilities
- Trash: 100
Structural Information
- Stories/Levels: 2
- # of Stores: 3
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 14,400
- Lot Dimensions: 120 x 124
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $300
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1923
- Tax Amount: $10,011.78
- Tax Year: 2024
- Pays Electric: 140
- Pays Trash: 100
Disclosures and Reports
- Property ID: 20254250240000
Listed by EXIT Strategy Realty
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Schools
Schools serving 2032 E 79th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mann Elementary School 8050 South Chappel Avenue, Chicago, IL 60617 | PK-8 | 0.2 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 0.4 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2032 E 79th St
Date
Details
Price
Change
Source
6/18/2026
Listed
$255,000
88.89%
MLS
11/22/2010
Sold
$135,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2032 E 79th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,230
—
$41,600
145%
2023
$4,230
3%
$16,999
—
2022
$4,090
1%
$16,999
—
2021
$4,031
-27%
$16,999
-20%
2020
$5,510
-2%
$21,255
-12%
2019
$5,629
2%
$24,154
—
2018
$5,528
-13%
$24,154
-7%
2017
$6,377
8%
$25,934
—
2016
$5,918
8%
$25,934
—
2015
$5,504
3%
$25,934
4%
2014
$5,335
1%
$24,829
—
2013
$5,277
2%
$24,829
—
2012
$5,189
—
$24,829
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2032 E 79th St
2032 E 79th Street, Chicago, IL 60649 (MLS# 12681697) is a Commercial property. 2032 E 79th Street is currently listed for $255,000 and was received on June 18, 2026. Want to learn more about 2032 E 79th Street? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

