500 W 78th Street Chicago, IL 60620
$950,000
Contingent / MLS# 12555384 / Multi Unit - Multiple / Chicago
0
Beds
Rare opportunity to acquire a large multifamily apartment building in Chicago's Auburn Park neighborhood. This three-story, 12-bedroom property offers approximately 16,152 square feet of living area on an oversized 11,200 SF lot, zoned RT-4, providing strong density and long-term redevelopment or value-add potential 500 W 78TH ST CHICAGO IL 60620. The building has been owned by the same owner for over 30 years and is currently vacant, allowing a new owner full flexibility to reposition, renovate, or re-tenant based on their strategy. With its scale and layout, the property is well-suited for investors seeking a full renovation project, long-term hold, or portfolio expansion in a neighborhood with continued demand for rental housing. Public records reflect solid underlying land and improvement value, significant equity, and a location outside of high-risk flood zones. The property sits on a quiet residential block while remaining accessible to major streets, public transportation, and nearby amenities.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.25 Acres
Stories: 3.0
Taxes: $17,619
Year Built: 1927
Feature Descriptions
Current Use: Multi-Family
Exterior: Brick
Frontage Type: City Street
HVAC: Central Bldg Heat
Lot Dimensions: 140x80
Parcel#: 20283180410000
Tenant Pays: Air Conditioning, Electricity
Units: 18
Location
See details and scored characteristics about this location.
Listing Office: Sims Commercial Real Estate Inc
Listing Office Phone: 312-796-4444
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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