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 LaFargueof Coldwell Banker Realty
$ 375,000
Est. payment | /mo

7,379 SqFt

Save
$ 375,000
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 $50

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

Price Reduced to Appraised Value. Welcome to your 12 Unit Opportunity on the EMERGING Auburn Gresham 79th Street Corridor! 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, The new Metra Station, this 12-unit gem stands as a testament of opportunity, community care and pride. 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

Midwest Real Estate Data (MRED) VOW
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Serene Realty, Inc

"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 Avenue, Suite 102, Chicago, IL, 60616, United States

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1203 W 78th Place