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Listed by Tysheka Pearsonof Keller Williams Preferred Realty
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Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12776000
Year Built 1918
Annual Tax Amount $1,371
Tax Year 2025
Lot Dimensions 0.072
Property Sub-Type Mixed Use
Property Description
TURNKEY COMMERCIAL SPACE + RESIDENTIAL VALUE-ADD OPPORTUNITY! Welcome to 2911 E 79th St, a versatile mixed-use property offering commercial and residential space with multiple possibilities for an owner-user, entrepreneur, or investor. Formerly home to Urban Lux Cafe, the first-floor commercial space has been completely remodeled and updated, offering an attractive, ready-to-use storefront. PLEASE NOTE: The second-floor residential unit is currently gutted and requires renovation/finishing. The residential space is configured as a spacious 2-bedroom, 1-bath apartment with a loft that duplexes into the attic, providing additional flexible living space. HVAC ductwork and electrical are intact, giving the next owner a strong starting point to complete the residential unit to their specifications. Once completed, the property offers several possibilities-operate a business on the first floor while living upstairs, lease both spaces for multiple income streams, or add a mixed-use asset to an investment portfolio. Located along E. 79th Street, the property offers excellent street visibility and accessibility within an established commercial corridor. With the commercial portion already renovated and the residential portion ready for build-out, this property presents an opportunity to customize the remaining residential space while taking advantage of the improvements already completed on the commercial level. Commercial space is renovated and move-in ready; residential unit is gutted and requires renovation. Property sold as-is.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com