$470,000
1203 W 78th Place
Chicago, IL, 60620
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!
Property Details
Price:
$470,000
MLS #:
MRD12333403
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – Auburn Gresham
Listed Date:
Apr 24, 2025
Finished Sq Ft:
7,379
Total Sq Ft:
7,379
Lot Size:
2,875 sqft / 0.86 acres (approx)
Year Built:
1923
Schools
Interior
Cooling
Window Unit(s)
Exterior
Construction Materials
Brick
Roof
Membrane, Rubber
Financial
Maintenance Fee
$1,200
Tax Year
2023
Taxes
$12,898
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Commercial in Chicago as of Sep 06, 2025
1,056
Commercial Listed
167
Avg DOM
155
Avg $ / SqFt
$1,043,158
Avg List Price
Community
- Address1203 W 78th Place Chicago IL
- CityChicago
- CountyCook
- Zip Code60620
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Property Summary
- 1203 W 78th Place Chicago IL is a Commercial for sale in Chicago, IL, 60620. It is listed for $470,000 To schedule a showing of MLS#mrd12333403 at 1203 W 78th Place in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1203 W 78th Place
Chicago, IL
