BEDS0
BATHS
MLS#12555384
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
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
Listed By / Shown By
Listed By
Agency Name: Sims Commercial Real Estate Inc
Agency Phone: 312-796-4444
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 3,859.62 per month $2,114.29 Principal & Interest $1,468.25 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
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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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500 W 78th Street | MLS# 12555384
This multi-family property located at 500 W 78th Street , Chicago, IL 60620 is currently listed for sale with an asking price of $950,000. Search Chicago real estate on www.bhhscrosby.com today.