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Michael Schatz

[email protected] +1(312) 961-4450

$ 149,900

Est. payment -/mo

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Active Under Contract

3057 E 79th PL Chicago, IL 60617

8 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12518189

Bedrooms 8

Year Built 1927

Annual Tax Amount $2,743

Tax Year 2023

Lot Dimensions 33x125

Property Sub-Type Two to Four Units

Property Description

Welcome to 3057 East 79th, a solid investment opportunity with serious potential. This building has great bones and sits on a wide lot with plenty of room to add value. It needs work, but that is exactly what makes it such a strong play for anyone looking to bring vision and sweat equity to the table. The layout gives you multiple options whether you want to rehab and rent, renovate for resale, or hold long term. High ceilings, generous room sizes, and a classic Chicago structure make it an easy property to reconfigure or update. Investors will appreciate the upside here with improving rental demand in the area and strong numbers once the renovation is complete. This is not a finished product. It is a chance to take a distressed asset and turn it into something special. Bring your contractor, walk the space, and see the possibilities. If you are looking for your next project, this one should be on your list.

Location

State IL

County Cook

Area Chi - South Chicago

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air, Steam, Heat Pump, Radiator(s)

Equipment Water-Softener Owned, TV-Cable, Ceiling Fan(s), Multiple Water Heaters

Fireplace N

Exterior

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Jacob Reiner of Redfin Corporation

Michael Schatz

+1(312) 961-4450

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