$399,900

38 W 78th Street, Chicago, IL 60620

  • 7 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

Multiple Offers Received. Smart House-Hack & Cash-Flow Opportunity in Chicago. Perfect for a first-time investor or owner-occupant looking to help cover their mortgage, this solid brick multi-unit offers multiple income streams in a convenient Chicago location. The property features two above-grade units, each with 3 bedrooms and 1.5 baths and updated kitchens and bathrooms, plus a finished basement with 1 bedroom, 1-bath. Each unit has separate utilities. Located near public transportation with easy access to the Dan Ryan Expressway, this property is close to schools, parks, shopping, and dining making it attractive to both tenants and owner-occupants. Live in one unit and rent the others to help cover your mortgage, or fully lease the building for strong cash flow. Sold as-is, this property presents a value-add opportunity with long-term equity growth. Multi-unit properties ideal for house hacking and first-time investors are in high demand don't miss this opportunity to build wealth through real estate.

Listing Status:
Active
Data Last Updated:
April 3, 2026 at 2:20AM
Listing Office:
Coldwell Banker Realty : 312-401-7878
Listing Agent:
Catherine Pabatao-Heichman : 312-401-7878
MLS ID:
12589152
  • Basement: FinishedFull
  • Heating: Natural GasForced Air
  • Parking: YesGarage OwnedDetachedGarageParking spaces: 2
  • Originating MLS: mred
  • School District: 299
  • County: Cook
  • Zoning: 20284180210000
  • Water: Lake MichiganPublic
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Catherine Pabatao-Heichman , Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

R

Ruggles Elementary School

7831 S Prairie Ave, Chicago, IL, 60619

Grades KG-8

0.44 miles away

R

Ruggles Elementary School

7831 S Prairie Ave, Chicago, IL, 60619

Grades KG-8

0.44 miles away

S

Simeon Career Academy High School

8147 S Vincennes Ave, Chicago, IL, 60620

Grades 9-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby