IL > Chicago
Chicago, IL 60620,1203 W 78th Place
Chicago, IL 60620,1203 W 78th Place
Chicago, IL 60620,1203 W 78th Place
Chicago, IL 60620,1203 W 78th Place
Chicago, IL 60620,1203 W 78th Place
Chicago, IL 60620,1203 W 78th Place
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Serene Realty, Inc

Serene Realty, Inc

+1(312) 650-7940
Listed by Michael LaFargue • Coldwell Banker Realty
$ 470,000
Est. payment | /mo

7,379 SqFt

Save
$ 470,000
Est. payment | /mo
Save

7,379 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,379 sqft

Price per Sqft $63

MLS Listing ID 12333403

Year Built 1923

Annual Tax Amount $12,898

Tax Year 2023

Lot Size 0.860 Acres

Lot Dimensions 25 X 115

Property Sub-Type Multi Family 5+

Property Description

Welcome to your 12 Unit Investment opportunity in the EMERGING Auburn Gresham area of Chicago! Millions of Dollars in New Development has been invested from 79th and Lowe to 79th and Ashland. ****This well maintained 12-unit building offers a prime chance to expand your portfolio while stepping into a turnkey operation. The current rents are below todays market value. Here's a glimpse into what this property has to offer. ****Nestled in the Auburn Gresham Community near bus lines, shopping and the developing 79th Street Corridor, this 12-unit gem stands as a testament of good maintenance, community care and pride while Boasting a rich history of 98 years. This property exudes a sense of reliability and longevity. ****Key Features: Appliances are Included. FORECASTED MONTHLY INCOME: 8,280 ANNUAL INCOME: 99,360 VACANCY: 4,968 EXPENSES: 49,322 and THE ASSET HAS A FAVORABLE CAPITALIZATION RATE!

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Sewer Connected, Water Available

View Y/N true

Roof Type Membrane,Rubber

Building

Foundation Concrete Perimeter

Sewer Storm Sewer

Water Municipal Water

Structure Type Brick

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States

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1203 W 78th Place