2032 E 79th Street
Located along the re-emerging 79th Street corridor in HIGHLY SOUGHT AFTER SOUTH SHORE this mixed-use building offers STRONG INCOME potential for the almost any investor The property includes approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT, two OVERSIZED 3 BEDROOM residential units, and rear PARKING FOR 5+ vehicles. With flexible zoning and corridor visibility, this asset is WELL POISED for repositioning, stabilization, or long-term REDEVELOPMENTand has the ability to leverage public and community-based funding tools that can significantly enhance returns. Set up your viewing and we can show you how programs that exist can help like: TIF (Tax Increment Financing), Community Development Grants, Small Business Improvement Programs (SBIF) Community Development Block Grant (CDBG) Funding Energy Efficiency and Sustainability Programs ComEd rebates, state energy grants, and federal tax reduction programs for upgrading to efficient HVAC, lighting, or building Workforce and Job Creation Funding programs New Markets Tax Credits (NMTC) With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, lakefront access, strong residential density, and infrastructure investment this B3-2 ZONED parcel has the flexibility you want when you have the ability to combine Commercial and Residential. Sold AS-IS, WHERE-IS, this is a strategic acquisition for investors and owner-operators who understand how to align private capital with public funding. Contact to set up your private tour and receive detailed information
- Subway 0.4 mi
- McDonald's 0.5 mi
- Carl's Red Hots 0.5 mi
- A.P. Deli 0.6 mi
- Taste Jamaica 0.6 mi
- Taco Bell 0.6 mi
- Citgo 0.4 mi
- Mobil Mart 0.5 mi
- Citgo 0.7 mi
- Aldi 0.7 mi
- Jordan Valley Food 0.8 mi
- BP Shop 0.8 mi
- Dinah Washington Park 0.4 mi
- Rosenblum Park 0.5 mi
- Eckersall Park 0.6 mi
- Essex Park 0.8 mi
- Woodhull Park 0.9 mi
- Hodes Park 0.9 mi
- Heritage Cafe 0.2 mi
- Chef Sara's Cafe 1.0 mi
- South Shore Brew 1.0 mi
- Urban Luxe Café 1.1 mi
- Starbucks 1.1 mi
- Dunkin' 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12584936