38 W 78th Street Chicago, IL $ 399,900
38 W 78th Street
$ 399,900
Recently Listed
Open House 3/21 11am - 2pm
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38 W 78th Street

Chicago, IL, 60620
$ 399,900
Bedrooms7 Baths5.2

Monthly Estimate*

$ 2,462

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Multi-Family Home for sale in Chicago, IL

for $399,900 with 7 bedrooms and 5 full baths, 2 half baths. This home was built in 1963.

Smart House-Hack & Cash-Flow Opportunity in Chicago. Perfect for a first-time investor or owner-occupant looking to help cover their mortgage, this solid brick multi-unit offers multiple income streams in a convenient Chicago location. The property features two above-grade units, each with 3 bedrooms and 1.5 baths and updated kitchens and bathrooms, plus a finished basement with 1 bedroom, 1-bath. Each unit has separate utilities. Located near public transportation with easy access to the Dan Ryan Expressway, this property is close to schools, parks, shopping, and dining making it attractive to both tenants and owner-occupants. Live in one unit and rent the others to help cover your mortgage, or fully lease the building for strong cash flow. Sold as-is, this property presents a value-add opportunity with long-term equity growth. Multi-unit properties ideal for house hacking and first-time investors are in high demand don't miss this opportunity to build wealth through real estate.

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Open House

3/21/2026 11:00 AM - 2:00 PM
38 W 78th Street Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 399,900

Bedrooms

7

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 1,749

Style

Year Built

1963

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12589152

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Immediate Negotiable
Garage Spaces 2
Construction Materials Brick
Year Built 1963
Township Lake
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 12
Status New
Directions East/West on 79th to Perry North to 78th Street East to Address
City Chicago
High School District 299
MLS Area CHI - Greater Grand Crossing
Tax Annual Amount 1749
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 7
Total Baths 5
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 2
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 25 x 125
Lot Size Acres 0
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

catherine@lthse.com;catherine.heichman@cbrealty.com

Email

Affordability Calculator

$2,608
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$146
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$399,900 Listed Price

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38 W 78th Street, Chicago, IL, 60620 is a Multi-Family Home for sale at $399,900. 38 W 78th Street has 7 bedrooms, 5.2 baths, and was built in 1963. The property's zip code is 60620 which is in Chicago, IL