505 W 79th St Chicago, IL 60620
Auburn Gresham NeighborhoodEstimated payment $3,323/month
Highlights
- 8,250 Sq Ft lot
- Central Heating
- 4-minute walk to Auburn Park
About This Home
Come out and see this 9 unit building, it has 6 apartments (2) 2 bedroom and (4) 1 bedroom 1 bathroom unit and 3 store fronts, the building needs some TLC but has potential. 5 of the 6 units are rented and all store fronts are currently vacant. There is opportunity for additional income from the Clear Channel advertising signs attached to the building.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,124
Year Built
- Built in 1889
Lot Details
- 8,250 Sq Ft Lot
- Lot Dimensions are 66 x 125
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Utilities
- No Cooling
- Central Heating
- Separate Meters
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $600
- Insurance Expense $5,500
- Maintenance Expense $1,500
- Trash Expense $1,800
- Water Sewer Expense $2,000
- Operating Expense $5,500
- Gross Income $3,450
- Net Operating Income $12,500
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 |
|---|---|---|---|---|
| 2024 | $17,625 | $47,700 | $7,425 | $40,275 |
| 2023 | $21,209 | $83,536 | $7,425 | $76,111 |
| 2022 | $21,209 | $83,536 | $7,425 | $76,111 |
| 2021 | $21,020 | $83,536 | $7,425 | $76,111 |
| 2020 | $12,420 | $44,857 | $7,425 | $37,432 |
| 2019 | $11,133 | $44,857 | $7,425 | $37,432 |
| 2018 | $11,124 | $44,857 | $7,425 | $37,432 |
| 2017 | $11,635 | $43,516 | $6,806 | $36,710 |
| 2016 | $10,859 | $43,516 | $6,806 | $36,710 |
| 2015 | $10,197 | $43,516 | $6,806 | $36,710 |
| 2014 | $10,229 | $43,516 | $6,806 | $36,710 |
| 2013 | $9,942 | $43,516 | $6,806 | $36,710 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2025 12/06/25 | For Sale | $425,000 | 0.0% | -- |
| 12/03/2025 12/03/25 | Off Market | $425,000 | -- | -- |
| 12/03/2025 12/03/25 | For Sale | $425,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $279,000 | Multiple | |
| Warranty Deed | $82,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $223,200 | Commercial | |
| Previous Owner | $70,000 | Seller Take Back |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12527248
APN: 20-33-105-006-0000
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