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