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About the Listing 16645 - 162880
Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2,300 per month for each of the three above-grade units and an estimated $1,800 per month for the finished garden unit, the property offers potential gross rental income of approximately $8,700 per month, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.
Listing Highlights
Status
Active
Days on Site
44
Property Type
Multi-Family
MLS ®
12660519
Year Built
1923
Total Square Footage
0
Lot/Acreage
3720
Interior Details
- Bedrooms: 11
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Steam
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 3720
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $3,109
- Taxes w/Assessments: N/A
- Tax/Property ID: 21303180210000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
7732 S Phillips Ave Chicago, IL 60649
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