500 W 78th Street
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.
- McDonald's 0.3 mi
- Jamaican Jerk Villa 0.4 mi
- Fred & Jack's 0.4 mi
- Haire's Gulf Shrimp 0.5 mi
- Church's Chicken 0.5 mi
- Subway 0.5 mi
- Citgo 0.3 mi
- Aladdin's Food 0.5 mi
- Citgo 0.6 mi
- Shell 0.7 mi
- Not Far From A Dollar 0.7 mi
- Mobil Mart 0.7 mi
- Auburn Park 50 ft
- Saint Leo's Veteran's Garden 0.3 mi
- Leland Giants Park 0.4 mi
- Park No. 382 0.6 mi
- West Chatham Park 0.6 mi
- Hamilton Park 0.6 mi
- Dunkin' 0.4 mi
- Brewer Coffee & Custard 0.7 mi
- Afro Joe's 0.8 mi
- Mather’s More Than a Cafe 0.9 mi
- Dunkin' 1.2 mi
- Starbucks 1.2 mi
Every event we have for this address, straight from the MLS.
Real answers about this home — pricing, schools, what to ask, anything.
Stand in the kitchen.
See the light at 4pm.
Photos can only do so much. Pick a time — we'll meet you at the door.
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12555384