1203 West 78th Place, Chicago, IL

$450,000

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0.86

Acres

About 1203 West 78th Place

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!

Features of 1203 West 78th Place

MLS® # 12333403
Price $450,000
Bathrooms 0.00
Acres 0.86
Year Built 1923
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1203 West 78th Place
Area CHI - Auburn Gresham
City Chicago
County Cook
State IL
Zip Code 60620

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick
Roof Membrane, Rubber
Foundation Concrete Perimeter

Additional Information

Days on Market 174
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty
Contact Info312-266-7000

Listing Map

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