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1818 W 78th St
Chicago, IL 60620 Gresham

$599,000 USD

Apartments For Sale  •  6,588 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,588 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1926
  • Cap Rate 9.50 %
  • Zoning RS-2
63 Transit Score
71 Walk Score

Highlights

Great location in area with increasing rents.
Stabilized with plenty of upside.
Recent updates and repairs - lintels, tuckpointing, roof.
Owner willing to consider financing for a qualified buyer.

Financial Summary (Actual)

Net Operating Income: $56,892 USD (2024)
Cap Rate: 9.50 %
Total Expenses: $15,988 USD

Amenities

  • Fenced Lot
  • Security System
  • Gas Range
  • Vintage Building
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Brainerd Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.0 mi
Wrightwood Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.0 mi
AirportDriveWalkDistance
Chicago Midway International 13 min - 6.6 mi
Chicago O'Hare International 66 min - 33.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
David Urbaniak 312-337-0200 @properties Commercial
David Urbaniak 312-337-0200 @properties Commercial