Chicago, IL 60620 1203 W 78th Place
$480,000



6 more







Presented By: Coldwell Banker Realty
Home Details
Welcome to your next investment opportunity rich Auburn Gresham area of Chicago! 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. Property Description: 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!
Presented By: Coldwell Banker Realty
Interior Features for 1203 W 78th Place
Other Interior Features
BasementUnfinished
General for 1203 W 78th Place
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Current UseMulti-Family
Directions79th Street East or West to Racine. Racine N. to 78th Place. Tuen West. The subject is situated at the southwest corner of 78th Place and Racine Avenue.
ElectricCircuit Breakers
Electric Expense360
Fuel Expense9300
Gross Income85800
Insurance Expense3800
Lot Size Square Feet2875
MLS AreaCHI - Auburn Gresham
MaintenanceExpense1200
Net Operating Income4158
Number Of Units Total12
Operating Expense46327
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofMembrane, Rubber
SewerStorm Sewer
Standard StatusActive
StatusNew
Stories3
Tax Annual Amount12898
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Scavenger, Sewer
TownshipHyde Park
Trash Expense1100
UtilitiesSewer Connected, Water Available
Water Sewer Expense2200
Year Built1923
ZoningMULTI
Exterior for 1203 W 78th Place
Building Area Total7379
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions25 X 115
Lot Size Acres0.86
Water SourceMunicipal Water
Additional Details
Price History
