7641 S Phillips Ave

Chicago, IL 60649
  • $600,000

    Price
  • 9

    Bed
  • 3

    Bath
  • 0

    SqFt

About the Listing 86619 - 889355,122805

This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!

Listing Highlights

Status Active
Days on Site 10
Property Type Multi-Family
MLS ® 12737828
Year Built 1925
Total Square Footage 0
Lot/Acreage 3720
County Cook
School District 299

Interior Details

  • Bedrooms: 9
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond:
  • Heating: Natural Gas,Forced Air,Sep Heating Systems - 2+
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Partially Finished,Full
  • Other:
  • Water: Lake Michigan,Public

Exterior Details

  • Garage Capacity: 3 car
  • Parking Spaces: 3
  • Lot Dimensions: 3720
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Yes,Detached,Garage

Financial Details

  • Tax Amount: $3,600
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 21303080110000
  • Tax Year: 2023

Payment Calculator

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7641 S Phillips Ave Chicago, IL 60649

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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