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$725,000
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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 $126,600 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.
Full Property Details
Full Property Details for 431 E 79th St
General
- Price: $725,000
- HOA FEE: $6,520
- Taxes: $21,085 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12602864
- Updated: 4/1/2026
- Added to Site: 10 day(s) ago
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: 79th Street East to Vernon Ave.
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Radiators
Utilities
- Trash: 1638
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 13,205
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 9
- Units w/Range/Oven: 9
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 7,158
- Lot Dimensions: 50 x 143
Financial Considerations
- Maint. Fee: $6,520
- Insurance Fee: $16,905
- Operating Expenses: $65,355
- Assessment Year: 1926
- Tax Amount: $21,085.76
- Tax Year: 2024
- Tenant Pays: Electricity, Varies by Tenant
- Pays Electric: 565
- Pays Trash: 1638
Disclosures and Reports
- Property ID: 20342010010000
Listed by eXp Realty
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Schools
Schools serving 431 E 79th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ruggles Elementary School 7831 South Prairie Avenue, Chicago, IL 60619 | K-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.6 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 431 E 79th St
Date
Details
Price
Change
Source
3/25/2026
Listed
$725,000
90.29%
MLS
11/16/2021
Sold
$381,000
—
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 431 E 79th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,967
—
$81,782
65%
2023
$12,967
3%
$49,608
—
2022
$12,542
2%
$49,608
—
2021
$12,353
-27%
$49,608
-21%
2020
$16,882
-2%
$62,631
-12%
2019
$17,265
1%
$71,172
—
2018
$17,036
-11%
$71,172
-4%
2017
$19,084
7%
$74,485
—
2016
$17,827
8%
$74,485
—
2015
$16,499
23%
$74,485
25%
2014
$13,408
2%
$59,671
—
2013
$13,142
2%
$59,671
—
2012
$12,827
—
$59,671
—
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 431 E 79th St
431 E 79th Street, Chicago, IL 60619 (MLS# 12602864) is a Commercial property. 431 E 79th Street is currently listed for $725,000 and was received on March 25, 2026. Want to learn more about 431 E 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.

