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Listed by Michael LaFargueof Coldwell Banker Realty
$ 450,000
Est. payment /mo
Price Dropped by $20K
1203 W 78th Place Chicago, IL 60620
7,379 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,379 sqft
Price per Sqft $60
MLS Listing ID 12333403
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
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!
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sewer Connected, Water Available
View Y/N true
Roof Type Membrane,Rubber
Building
Foundation Concrete Perimeter
Sewer Storm Sewer
Water Municipal Water
Structure Type Brick
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