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$399,900 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 7 Total Beds
  • 2 Car Garage
  • Updated 2 days ago
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Smart House-Hack & Cash-Flow Opportunity in Chicago. Perfect for a first-time investor or owner-occupant looking to help cover their mortgage, this solid brick multi-unit offers multiple income streams in a convenient Chicago location. The property features two above-grade units, each with 3 bedrooms and 1.5 baths and updated kitchens and bathrooms, plus a finished basement with 1 bedroom, 1-bath. Located near public transportation with easy access to the Dan Ryan Expressway, this property is close to schools, parks, shopping, and dining making it attractive to both tenants and owner-occupants. Live in one unit and rent the others to help cover your mortgage, or fully lease the building for strong cash flow. Sold as-is, this property presents a value-add opportunity with long-term equity growth. Multi-unit properties ideal for house hacking and first-time investors are in high demand don't miss this opportunity to build wealth through real estate.

Full Property Details for 38 W 78th St

General

  • Price: $399,900
  • Taxes: $2,254 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12536788
  • Updated: 1/15/2026
  • Added to Site: 16 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - Greater Grand Crossing
  • County: Cook
  • Township: Lake
  • Driving Directions: East/West on 79th to Perry North to 78th Street East to Address

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1963
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 25 x 125

Financial Considerations

  • Assessment Year: 1963
  • Tax Amount: $2,254
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20284180210000
Buyer's Brokerage Compensation: 2%
Not binding unless confirmed by separate agreement among applicable parties.

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— 38 W 78th St —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 38 W 78th St

School District:Chicago Public School District 299
NameGradesDistance
Ruggles Elementary School
7831 South Prairie Avenue, Chicago, IL 60619
K-80.4 mi
Hirsch Metropolitan High School
7740 South Ingleside Avenue, Chicago, IL 60619
9-121.3 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 38 W 78th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/28/2025
Listed
$399,900
115%
MLS
8/18/2017
Sold
$186,000
—
Public Record
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 38 W 78th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,254
4%
$13,999
—
2022
$2,176
100%
$13,999
—
2021
100%
$13,999
-15%
2020
-100%
$16,393
-10%
2019
$2,971
15%
$18,215
—
2018
$2,580
1%
$18,215
19%
2017
$2,565
—
$15,289
—
2016
$2,562
10%
$15,289
—
2015
$2,321
-8%
$15,289
-6%
2014
$2,532
2%
$16,215
—
2013
$2,471
—
$16,215
—
2012
$2,462
—
$16,215
—
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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38 W 78th Street, Chicago, IL 60620 (MLS# 12536788) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 38 W 78th Street is currently listed for $399,900 and was received on January 01, 2026. This property is listed by Catherine Heichman from our Lincoln Park Office.Want to learn more about 38 W 78th Street? Do you have questions about finding other Multi-Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

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