1203 W 78th Place
Chicago, IL, 60620
$470,000
Beds
0 Baths
7,379 SqFt
0.86 Acres
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Add
$470,000
1203 W 78th Place
Chicago, IL, 60620
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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
Address:
1203 W 78th Place
Type:
Commercial
Neighborhood:
CHI – Auburn Gresham
City:
Chicago
Listed Date:
Apr 24, 2025
State:
IL
Finished Sq Ft:
7,379
Total Sq Ft:
7,379
ZIP:
60620
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
Net Operating Income
$4,158
Tax Year
2023
Taxes
$12,898
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1203 W 78th Place
Chicago, IL