Date
Details
Price
Change
Source
9/14/2025
Listed
$885,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/18
$885,000
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1/18
Property Description
PRIME INVESTMENT OPPORTUNITY: Partially OCCUPIED WEST CHATHAM RETAIL CENTER Strategically positioned in Chicago's vibrant West Chatham neighborhood, this exceptional 2005-built retail strip center presents a compelling investment with immediate cash flow potential. Featuring six uniquely different retail units, this property delivers consistent income with established tenants. PROPERTY HIGHLIGHTS: * Built in 2005 with modern construction and well-maintained systems * High occupancy rate across the development, with consistent demand * High-visibility location with prominent pylon signage * Generous parking with 29 dedicated on-site spaces * Former bank branch turned dry cleaners-offering premium build-out potential * Modified leases where tenants cover all utilities * Excellent traffic exposure in a bustling commercial corridor UNIQUE OPPORTUNITY:The current owner operates a successful dry cleaning business on-site, providing flexible options for investors. Purchase the business along with the property for additional income streams, or the owner is willing to remain as a tenant with favorable lease terms. This turnkey investment opportunity combines prime location, stable tenancy, and attractive lease structures in one of Chicago's growing commercial districts. Perfect for investors seeking reliable income with minimal management requirements.
Full Property Details
Full Property Details for 301 W 79th St
General
- Price: $885,000
- Taxes: $57,540 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12471449
- Updated: 1/5/2026
- Added to Site: 124 day(s) ago
Business
- Business Type: Retail
Interior
- Interior Features: Multi-Tenant, Private Restroom(s)
- Flooring: Concrete, Tile, Other
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - Chatham
- County: Cook
- Township: Lake
- Driving Directions: I-94 to 79th Street W to Property. SWC of Princeton Avenue.
- Location Details: Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Concrete, Brick
- Exterior Const.: Concrete, Brick
- Foundation: Concrete Perimeter
- Sub-Flooring: Concrete, Tile, Other
- Stories/Levels: 1
- Square Feet: 7,600
- Current Bldg. Use: Commercial
- Year Built: 2005
Unit Information
- # Tenants: 6
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 19,625
- Lot Dimensions: 125 x 157
- Frontage: City Street, Frontage Road, Public Road, Signal Intersection
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 2005
- Tax Amount: $57,540
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 20332010030000
Listed by Keller Williams ONEChicago
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— 301 W 79th St —
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Schools
Schools serving 301 W 79th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Westcott Elementary School 409 West 80th Street, Chicago, IL 60620 | PK-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 301 W 79th St
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Estimate the Cost for 301 W 79th St
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- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 2Total Baths
- 1,700Sq. Ft.
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301 W 79th Street, Chicago, IL 60620 (MLS# 12471449) is a Commercial property. 301 W 79th Street is currently listed for $885,000 and was received on September 14, 2025. Want to learn more about 301 W 79th Street? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.