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Property Description

Welcome to your next investment opportunity rich Auburn Gresham area of Chicago! 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. Property Description: Nestled in the Auburn Gresham Community near bus lines, shopping and the developing 79th Street Corridor, this 12-unit gem stands as a testament of good maintenance, community care and pride while Boasting a rich history of 98 years. 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!

Features & Information

Key Details

List Price $480,000
Property Taxes $12,898
Price/ Sq. Ft. Unavailable
Year Built 1923
Status New

Building Information

Age of Building Older
Exterior Construction Brick
Foundation Concrete
Heating & Cooling Central Bldg Heat, Gas, Hot Water

Location

County Cook
Directions to Property 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.

Property Taxes
Tax 12898
Parcel Identification Number 20293230040000

Listed by Michael LaFargue for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/30/2025 3:32 AM. 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.

Explore Gresham

The heart of the south side of Chicago, Gresham is a neighborhood in transition with a bright future ahead and a rich history behind it. Community groups and public parks are on the front lines of revitalization. Providing a place for Gresham residents of all ages to participate in sports and be active, the neighborhood parks offer numerous programs and even a 12-lane bowling alley – to cover every recreational interest. Adult social clubs, teen groups and day camps for kids all encourage community bonding and are a great way to meet the neighbors. Some of the park facility programs focus on personal fitness with aquatic exercise classes and workout centers, but mostly the Chicago Park District works to supply places where Gresham residents can hangout and have fun with fellow community members.

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