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.
Listed By
Agency Name: Sims Commercial Real Estate Inc
Agency Phone: 312-796-4444
Shown By
Agent Name: System Administrator
Agent Phone: (815) 397-4040
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Estimated Payment
$ 3,859.62 per month $2,114.29 Principal & Interest $1,468.25 Property Tax $277.08 Homeowner's Insurance
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 dwilder.bhhscrosby.com today.