431 E 79th St Chicago, IL 60619
Chatham NeighborhoodEstimated payment $5,628/month
About This Home
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.
Listing Agent
eXp Realty Brokerage Phone: (773) 510-7584 License #475159638 Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,086
Year Built
- Built in 1926
Lot Details
- 7,158 Sq Ft Lot
- Lot Dimensions are 50 x 143
Home Design
- Brick Exterior Construction
Interior Spaces
- 13,205 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Radiator
- 100 Amp Service
Listing and Financial Details
- The owner pays for trash collection, management, varies by tenant, sewer, water, common area maintenance, insurance, janitorial service, taxes, scavenger
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $565
- Fuel Expense $11,046
- Insurance Expense $16,905
- Maintenance Expense $6,520
- Trash Expense $1,638
- Water Sewer Expense $7,596
- Operating Expense $65,355
- Gross Income $125,400
- Net Operating Income $61,245
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,967 | $81,782 | $5,369 | $76,413 |
| 2024 | $12,967 | $81,782 | $5,369 | $76,413 |
| 2023 | $12,542 | $49,610 | $8,948 | $40,662 |
| 2022 | $12,542 | $49,610 | $8,948 | $40,662 |
| 2021 | $12,353 | $49,608 | $8,947 | $40,661 |
| 2020 | $16,882 | $62,631 | $6,442 | $56,189 |
| 2019 | $17,265 | $71,172 | $6,442 | $64,730 |
| 2018 | $17,036 | $71,172 | $6,442 | $64,730 |
| 2017 | $19,084 | $74,485 | $5,726 | $68,759 |
| 2016 | $17,827 | $74,485 | $5,726 | $68,759 |
| 2015 | $16,499 | $74,485 | $5,726 | $68,759 |
| 2014 | $13,408 | $59,671 | $5,010 | $54,661 |
| 2013 | $13,142 | $59,671 | $5,010 | $54,661 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $725,000 | -- | $55 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12602864
APN: 20342010010000
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Ask me questions while you tour the home.