1203 W 78th Place, Chicago, IL 60620

• 7,379 sqft

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!

Listing Status:

Active

Listing Office:

Coldwell Banker Realty : 773-251-0760

Listing Agent:

Michael LaFargue : 773-251-0760

MLS ID:

12333403

Interior

• Basement: Unfinished
• A/C: Window Unit(s)

Construction

• Roofing: MembraneRubber
• General: Concrete Perimeter

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI20293230040000
• Current Use: Multi-Family

Utilities

• Utilities: Sewer ConnectedWater AvailableCircuit Breakers
• Water: Municipal Water
• Sewer: Storm Sewer

Financial

• Source: mred

This listing courtesy of Michael LaFargue, Coldwell Banker Realty