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$408,000
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Property Description
Rare 4-storefront retail building in the heart of Auburn Gresham's transforming 79th St. Corridor. 4,778 SF bldg | 7,500 SF lot | B1-1 zoned. 3 of 4 units occupied: Unit 741 (food/tobacco), Unit 745 (tutoring center), Unit 747 (fully built-out restaurant w/ commercial kitchen - SS line, hood, fryers, prep tables - plus custom reclaimed-wood dining room & outdoor wood patio). Unit 743 vacant & white-box ready for immediate lease-up. Full-footprint basement spanning entire bldg w/ 1909 limestone foundation walls, exposed steel & full plumbing - rare South Side asset. Updated mechanicals throughout: Rheem water heater, Ameristar & RunTru HVAC. Multiple restrooms. LOCATION: City of Chicago Enterprise Zone | Steps from $35M Auburn Park Metra Station (Rock Island Line, opening 2026) | 79th St. Corridor Plan adopted by Chicago Plan Committee Apr 2025 | $47M in new residential development delivered steps away. Video walkthrough available. Sold AS-IS. Do not disturb tenants.
Full Property Details
Full Property Details for 741 W 79th St
General
- Price: $408,000
- Taxes: $25,974 (2024)
- Status: Active
- Type: Store
- Source: MRED
- MLS ID: 12656067
Interior
- Interior Features: Private Restroom(s), Basement
- Flooring: Vinyl
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Carbon Monoxide Detector(s)
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Township: Lake
- Driving Directions: 79TH STREET, EAST OF HALSTED ST.
- Location Details: Public Transport Avail, Freestanding/Urban, Enterprise Zone
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Gas, Hot Water, Radiators, Ceiling Fans
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Rubber
- Sub-Flooring: Vinyl
- Stories/Levels: 1
- Square Feet: 4,778
- Current Bldg. Use: Commercial
- Year Built: 1909
Unit Information
- # Tenants: 3
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 7,549
- Lot Dimensions: 74 x 100
- Frontage: City Street
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1909
- Tax Amount: $25,974.47
- Tax Year: 2024
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 20331000020000
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Schools
Schools serving 741 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.
Tax History
Tax History for 741 W 79th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,829
—
$102,250
68%
2023
$12,829
-17%
$60,806
—
2022
$15,438
1%
$60,806
—
2021
$15,300
67%
$60,806
84%
2020
$9,137
-12%
$33,000
-21%
2019
$10,386
29%
$41,850
29%
2018
$8,059
68%
$32,500
-7%
2017
$4,810
-45%
$35,000
—
2016
$8,734
6%
$35,000
—
2015
$8,201
-14%
$35,000
-14%
2014
$9,520
3%
$40,499
—
2013
$9,252
1%
$40,499
—
2012
$9,154
—
$40,499
—
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 741 W 79th St
741 W 79th Street, Chicago, IL 60620 (MLS# 12656067) is a Store property. 741 W 79th Street is currently listed for $408,000 and was received on May 26, 2026. Want to learn more about 741 W 79th Street? Do you have questions about finding other Store 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.

