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$449,900 Just Listed
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Property Description
Prime mixed-use investment opportunity in Auburn Gresham! This solid, versatile building is ideal for investors, restaurant operators, or owner-users looking for a turnkey live/work setup. Turnkey Ground-Floor Restaurant: * Move-in ready commercial space in a high-visibility, pedestrian-friendly B1 Neighborhood Shopping district. * Equipped with a critical fully installed exhaust hood system-saving you massive upfront infrastructure and permitting costs. * Features existing restaurant equipment, updated HVAC, and updated plumbing for an immediate launch. Remodeled Residential Unit & Storage: * Above the business sits a spacious, completely remodeled 3-bedroom, 1-bathroom apartment with modern upgrades throughout. * An unfinished basement provides abundant extra storage or future customization potential. Unbeatable Transit-Oriented Location: * Situated directly on a major transit corridor along the CTA Route 79 bus line (24-hour overnight "Owl" service). * Just 0.5 miles from the 79th Red Line Station for a direct commute to Downtown Chicago and the Loop. * Easy connections to the Halsted (#8/#8A) and Ashland (#9/#X9) lines. * Employees and residents qualify for valuable city and state pre-tax commuter benefits under the Illinois Transit Benefit Program Act. Property is being sold AS IS. Don't miss out on this high-exposure, multi-stream income property!
Full Property Details
Full Property Details for 735 W 79th St
General
- Price: $449,900
- Taxes: $819 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12778655
- Updated: 10/12/2026
- Added to Site: 4 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Driving Directions: 79th Street East or West to property
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- # of Stores: 1
- Year Built: 1927
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,000
- Lot Dimensions: 30 x 125
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1927
- Tax Amount: $819
- Tax Year: 2025
Disclosures and Reports
- Property ID: 20331000040000
Listed by Herbert A Gonzalez DMB
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Schools
Schools serving 735 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 | 0.4 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 2.1 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 735 W 79th St
Date
Details
Price
Change
Source
10/10/2026
Listed
$449,900
—
MLS
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 735 W 79th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$819
—
$10,000
158%
2023
$819
-17%
$3,883
—
2022
$986
-33%
$3,883
-34%
2021
$1,479
62%
$5,876
79%
2020
$911
-64%
$3,290
-68%
2019
$2,520
-36%
$10,152
-36%
2018
$3,941
14%
$15,893
23%
2017
$3,468
501%
$12,970
—
2016
$577
8%
$12,970
—
2015
$532
9%
$12,970
9%
2014
$488
-77%
$11,927
—
2013
$2,124
434%
$11,927
—
2012
$398
—
$11,927
—
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 735 W 79th St
735 W 79th Street, Chicago, IL 60620 (MLS# 12778655) is a Commercial property. 735 W 79th Street is currently listed for $449,900 and was received on October 10, 2026. Want to learn more about 735 W 79th Street? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

