1203 W 78th PL new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60620
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,379 sqft
Price per Sqft $65
MLS Listing ID 12333403
Maintenance Fees $1,200
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
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!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sewer Connected,Water Available
Roof Type Membrane,Rubber
Building
Dwelling Type Multi Family 5+
Sewer Storm Sewer
Water Municipal Water
Level or Stories 3
Structure Type Brick