500 W 78th Street Chicago, IL 60620
New
Three-story, 12-bedroom property in Auburn Park neighborhood.
Type:Commercial
Property size:
16,152 SFLot size:
0.26 Acres- Added:
- Apr 9, 2026
- Days on Market:
- 7
- Last Refresh:
- Apr 9 at 8:23 pm
Property Features for 500 W 78th Street
General Information
- Standard status
- Active
- Size
- 16,152 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing agent MICHAEL SIMS License #339037
Listing office SIMS COMMERCIAL REAL ESTATE INC (615) 425-3600
Listing date Apr 9, 2026
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SIMS COMMERCIAL REAL ESTATE INC
Overview
Large Multifamily Building in Chicago
Located in Chicago's Auburn Park neighborhood, this three-story multifamily apartment building offers a rare acquisition opportunity. The property features 12 bedrooms and approximately 16,152 square feet of living area, situated on an oversized 11,200 square foot lot. Zoned RT-4, the property provides strong density and long-term redevelopment or value-add potential. The building, vacant and under the same ownership for over 30 years, allows flexibility to reposition, renovate, or re-tenant. Suited for investors seeking a full renovation project, long-term hold, or portfolio expansion, the property is located in a neighborhood with continued demand for rental housing. Public records reflect solid underlying land and improvement value and significant equity. The location is 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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6370634
- Latitude
- 41.7528555
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FAQs
What type of property is this?
Apartment building - Three-story, 12-bedroom property in Auburn Park neighborhood.
Where is this apartment building located?
The property is located at 500 W 78th Street Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Large 12‑bedroom multifamily building with 16,152 SF of living area.; Oversized 11,200 SF lot zoned RT‑4, offering redevelopment potential.; Vacant property allows for immediate renovation, re‑tenanting, or repositioning.
