1818 W 78th St Chicago, IL 60620
Auburn Gresham NeighborhoodEstimated payment $3,541/month
About This Home
Solid, stabilized, corner brick 6-flat in popular Auburn Gresham, one block north of 79th Street at Honore and 78th Street. On a nice block with many well-cared-for bungalows in an appreciating area and near transportation, shopping and more, this building is worth adding to your portfolio. 5 units are spacious two bedroom, one bath apartments and one unit is a three bedroom, one bath. Improvements made include a new roof in 2020, and tuckpointing and lintel replacement in 2022. Some units have been recently updated. Building has an installed security system in place. Tenants pay their own heat, which means strong financial performance. There is also additional upside for a new owner in higher rents, for charging for 3 off-street parking spaces, and possibly putting in coin laundry. One unit is available for first showing purposes so book now!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,191
Year Built
- Built in 1928
Lot Details
- 3,750 Sq Ft Lot
- Lot Dimensions are 30 x 125
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Membrane Roofing
- Concrete Perimeter Foundation
Interior Spaces
- 5,588 Sq Ft Home
- 3-Story Property
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $293
- Fuel Expense $1,200
- Insurance Expense $3,800
- Maintenance Expense $1,800
- Other Expense $4,652
- Trash Expense $1,104
- Water Sewer Expense $3,000
- Operating Expense $20,640
- Gross Income $77,532
- Net Operating Income $56,892
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/10/2025 06/10/25 | For Sale | $599,000 | 0.0% | $107 / Sq Ft |
02/10/2025 02/10/25 | Off Market | -- | -- | -- |
02/05/2025 02/05/25 | For Rent | -- | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12384274

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