1203 W 78th Place, Chicago, IL 60620 - Photo 1

1/1

$375,000

Sold
Closed
Commercial
7,379 Sq. Ft.

1/1

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!

Full Property Details

Full Property Details for 1203 W 78th Pl

General

Sold For: $375,000
Taxes: $12,898 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12333403
Added to Site: 316 day(s) ago

Additional Information

Security/Safety: Fire Extinguisher(s)

Location

Area: CHI - Auburn Gresham
County: Cook
Driving Directions: 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.
Location Details: Mixed-Use Area, In City Limits

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Central Building Heat, Gas, Hot Water

Utilities

Water: Municipal Water
Onsite: Sewer Connected, Water Available

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished
Foundation: Concrete Perimeter
Roof: Membrane, Rubber
Stories/Levels: 3
Square Feet: 7,379
Current Bldg. Use: Multi-Family
Year Built: 1923
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 9
Units w/Range/Oven: 9

Lot Features

Lot Size (Acres): 0.86
Lot Size (Sq. Ft.): 2,875
Lot Dimensions: 25 x 115
Frontage: City Street
Zoning: MULTI

Financial Considerations

Operating Expenses: $46,327
Security Deposit: Fire Extinguisher/s
Assessment Year: 1923
Tax Amount: $12,898
Tax Year: 2023
Tenant Pays: Air Conditioning, Electricity, Scavenger, Sewer, All Utilities

Disclosures and Reports

Documents Avail.: Appraisal
Property ID: 20293230040000

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Meet the listing and selling agents

— 1203 W 78th Pl —

Michael LaFargue

Email Me

(773) 251-0760 mobile
(312) 266-7000 direct
Joe Germinaro

Email Me

(773) 720-1888 mobile
(773) 631-8300 direct

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Schools

Schools serving 1203 W 78th Pl

School District:Chicago Public School District 299

Name	Grades	Distance
Cook Elementary School, Chicago, IL 8150 South Bishop Street, Chicago, IL 60620	PK-8	0.5 mi
Bogan High School 3939 West 79th Street, Chicago, IL 60652	9-12	3.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1203 W 78th Pl

Date

Details

Price

Change

Source

1/15/2026

Sold

$375,000

—

MLS

11/30/2025

Price Reduced

$375,000

-16.67%

MLS

9/28/2025

Price Reduced

$450,000

-4.26%

MLS

5/23/2025

Price Reduced

$470,000

-2.08%

MLS

4/24/2025

Listed

$480,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1203 W 78th Place, Chicago, IL 60620 (MLS# 12333403) is a Commercial property that was sold at $375,000 on January 15, 2026. This property was listed by Michael LaFargue from our Lincoln Park Office.Want to learn more about 1203 W 78th Place? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

1203 W 78th Pl Chicago, IL 60620