$875,000
( $68.95Per Sq Foot )
 $4,697 est/mo Sourced by Back At You

2036 W 79th Street , Chicago, IL 60620

Chicago, IL 60620

Share with a friend

Description

Discover the exceptional investment opportunity at 2036 W 79th St, Chicago, IL 60620. This strategically located two-story commercial facility boasts a generous 12,690 square feet of gross building area on a sprawling 0.76-acre lot. Built in 1960, this versatile property includes a large chapel, multiple viewing rooms, office spaces, and a substantial parking lot, offering unparalleled operational efficiency and convenience. Situated in the bustling Auburn Gresham neighborhood, this property enjoys outstanding visibility and accessibility from major thoroughfares, including 79th Street, Western Avenue, and Ashland Avenue, with easy access to Interstate-94. The expansive 33,174 square foot site provides ample space for potential expansion or redevelopment, making it a prime candidate for a variety of commercial uses. Currently utilized as a funeral facility, this turnkey opportunity is perfect for similar service providers or can be easily adapted for other commercial ventures. The property's B1-1 Neighborhood Shopping District zoning supports a wide range of retail and commercial activities, making it an ideal choice for real estate developers seeking to diversify their portfolio. Investors and government agencies will appreciate the property's redevelopment potential for community-enhancing projects. The City of Chicago offers significant incentives to buyers, including the Neighborhood Opportunity Fund, which finances commercial and cultural projects in neighborhoods that lack private investment, using revenue generated from downtown development. Additionally, this property qualifies for the City of Chicago's Small Business Improvement Fund (SBIF), promoting economic development by providing small businesses and property owners with reimbursement grants for permanent building improvement costs. Seize this unparalleled opportunity to invest in a property with both immediate operational benefits and long-term developmental prospects. DO NOT DISTURB STAFF.

Details

MLS#12136313
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive Under Contract
Year1960
Days On Site189
Listing Provided ByMoHall Commerical & Urban Development | Moses Hall

Features

SQ Feet12,690
Story(s)2
ZoningRTAIL

Market Activity 60620

The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MRED. All Rights Reserved.

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago

Contact

Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60620
AreaCHI Auburn Gresham
Listing VS Median (in 60620)
Price:
$875,000
low | high
Med:
$205,000
100% of Average
SqFt:
12,690
low | high
Med:
1,200
100% of Average
$ / SqFt:
$69
low | high
Med:
$171
97.757142857143% of Average
On Site:
189
low | high
Med:
173.000000
100% of Average
Sourced by Back At You
Listing Updated: February 9, 2025 at 1:29:34 PM PST