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$375,000 Contingent

  • For Sale
  • Contingent
  • Commercial
  • 7,379 Sq. Ft.
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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 for 1203 W 78th Pl

General

  • Price: $375,000
  • HOA FEE: $1,200
  • Taxes: $12,898 (2023)
  • Status: Contingent
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12333403
  • Updated: 12/5/2025
  • Added to Site: 270 day(s) ago

Interior

  • Basement: Unfinished

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - Auburn Gresham
  • County: Cook
  • Township: Hyde Park
  • 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

  • Sewer: Storm Sewer
  • Water: Municipal Water
  • Trash: 1100
  • Onsite: Sewer Connected, Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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

  • Maint. Fee: $1,200
  • Insurance Fee: $3,800
  • Operating Expenses: $46,327
  • Other Fee: $450
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1923
  • Tax Amount: $12,898
  • Tax Year: 2023
  • Tenant Pays: Air Conditioning, Electricity, Scavenger, Sewer
  • Pays Electric: 360
  • Pays Trash: 1100
  • Pays Sewer: Storm Sewer

Disclosures and Reports

  • Documents Avail.: Appraisal
  • Property ID: 20293230040000
Buyer's Brokerage Compensation: 2%
Not binding unless confirmed by separate agreement among applicable parties.

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— 1203 W 78th Pl —

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Schools serving 1203 W 78th Pl

School District:Chicago Public School District 299
NameGradesDistance
Cook Elementary School, Chicago, IL
8150 South Bishop Street, Chicago, IL 60620
PK-80.5 mi
Bogan High School
3939 West 79th Street, Chicago, IL 60652
9-123.5 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1203 W 78th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,898
3%
$61,131
—
2022
$12,574
2%
$61,131
—
2021
$12,293
39%
$61,131
54%
2020
$8,831
11%
$39,642
—
2019
$7,965
2%
$39,642
—
2018
$7,831
-8%
$39,642
1%
2017
$8,472
7%
$39,353
—
2016
$7,882
9%
$39,353
—
2015
$7,211
-1%
$39,353
—
2014
$7,302
2%
$39,353
—
2013
$7,157
1%
$39,353
—
2012
$7,062
—
$39,353
—
View All
Disclaimer: Historical tax 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. 1203 W 78th Place is currently listed for $375,000 and was received on April 24, 2025. This property is 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.

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