Sold

Closed

7640 S Phillips Avenue

Chicago IL, 60649

$430,000


Sold

Closed

9 Beds

5 Baths

Multi-family

Built in 1926

Courtesy of Century 21 S.G.R., Inc.

Discover a unique investment opportunity in Chicago's South Shore! Are you searching for a prime investment opportunity in one of Chicago's vibrant neighborhoods? Look no further than this jumbo-sized, 3-unit building located in the heart of South Shore. This property is not just a place to live; it is a strategic investment with features that cater to both owner-occupiers and savvy investors. Spacious units: Each unit boasts generous bedroom sizes, perfect for comfortable living. Modern amenities: Enjoy the convenience of central heat and air conditioning, with 2020 AC units ensuring efficiency and comfort. Recent upgrades: The building features a newer roof installed in 2019, garage roof in 2019, along with tuckpointing, gutters, and downspouts completed in 2019, ensuring durability and reduced maintenance costs. Hardwood floors and fresh paint: All units are adorned with beautiful hardwood floors and have been recently painted, offering a fresh and modern aesthetic. Bonus room: An enclosed back porch provides additional space, perfect for a home office or relaxation area. Tenant-paid utilities: Each unit is equipped with washer/dryer hookups, and tenants are responsible for their own utilities, maximizing your investment return. Ample parking: A detached 3 car garage offers secure parking and additional storage space. Investment potential: This property is ideal for investors looking to capitalize on the rental market, or for those seeking a home with income potential. With tenants paying utilities and the property's strategic location, you can expect a steady cash flow and potential appreciation over time. Location benefits: South Shore is a dynamic community known for its cultural diversity and proximity to Lake Michigan. Residents enjoy easy access to public transportation, parks, and local amenities, making it a desirable location for renters and homeowners alike. Do not miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Whether you are looking to expand your investment portfolio or find a home that pays for itself, this property is a must-see.

12196509

MLS ID

October 25, 2024

Listed

January 6, 2025

Updated

Map

7640 S Phillips Avenue
Chicago IL, 60649

Interior Features

Bedrooms

9


Total Bathrooms

5


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Forced Air

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Common Grounds, Fenced Yard


Architectual Style

American 4-Sq.


Roof

Rubber


Sewer

Public Sewer

School Information

School District

299


High School

South Shore Community Academy Se

Other Property Details

Area Name

CHI - South Shore


Taxes

$4,023


Tax Frequency

Annually


Days on Market

7


Garage

Yes


Garage Spaces

3


Parking Total

3


View

No


County

Cook


Municipality

Hyde Park


Water Source

Lake Michigan, Public


Pool

No


Zoning

MULTI

Listing History

Date

Event

Price

1/6/2025

Sold

$430,000

11/3/2024

Under contract

Courtesy of Century 21 S.G.R., Inc., Carl Johnson,
Listing Contact: 312-455-1322 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Taylor Dixon Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 1/6/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2025 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 6:49 PM UTC, 1/6/2025

 

 

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