1203 W 78th Place Chicago, IL ^$ 375,000

1203 W 78th Place

^$ 375,000

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1203 W 78th Place

Chicago, IL, 60620

^$ 375,000

Bedrooms1 Baths0.0 Sq 7,379

Monthly Estimate*

^$ 2,340

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Multi-Family Home for sale in Chicago, IL

for $375,000 with 1 bedroom. This 7,379 square foot home was built in 1923 on a lot size of 0.86.

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!

Multi-Family Contingent

Price

^$ 375,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 12,898

Style

Multi-Family

Lot Size

0.86

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12333403

Features

General

Sewer Storm Sewer

Cooling Window Unit(s)

Utilities Sewer Connected Water Available

Possession Closing

Roof Membrane Rubber

Zoning MULTI

Construction Materials Brick

Year Built 1923

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Scavenger Sewer

Stories Count 3

Township Hyde Park

Tax Year 2023

Current Use Multi-Family

Gross Income 85800

County Cook

Net Operating Income 4158

Operating Expense 46327

Insurance Expense 3800

Property Type Commercial Sale Multi Family 5+

Contingency Other Contingency

MaintenanceExpense 1200

Status Contingent

Directions 79th 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.

City Chicago

Number Of Units Total 12

MLS Area CHI - Auburn Gresham

Lot Size Square Feet 2875

Tax Annual Amount 12898

Electric Expense 360

Fuel Expense 9300

Trash Expense 1100

Water Sewer Expense 2200

Additional Parcels Y/N N

Standard Status Active Under Contract

Cap Rate 10

Interior

Basement Unfinished

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 7379

Lot Dimensions 25 X 115

Lot Size Acres 0.86

Frontage Type City Street

* Excluded Features

List By

Coldwell Banker Realty

Broker

michael.lafargue@cbexchange.com;michael.lafargue@cbexchange.com

Affordability Calculator

$3,414

Per Month

Monthly Principal & Interest: $2,340
Monthly Property Taxes: $1,075
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$618,348

Percent of Sale Price 65%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/30/2025	$375,000	-16.67%	Price Down
9/29/2025	$450,000	-4.26%	Price Down
5/23/2025	$470,000	-2.08%	Price Down
4/24/2025	$480,000		Listed Price

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1203 W 78th Place, Chicago, IL, 60620 is a Multi-Family Home for sale at $375,000 with 7,379 sqft and a lot size of 0.86. 1203 W 78th Place has 1 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 60620 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/10/2025.

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1203 W 78th Place

Multi-Family Home for sale in Chicago, IL

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