7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
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7640 S Phillips Avenue
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7640 S Phillips Avenue
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7640 S Phillips Avenue
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7640 S Phillips Avenue
7640 S Phillips Avenue
Active Under Contract

7640 S Phillips Avenue

7640 S Phillips Avenue, Chicago, IL 60649

$435,000
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.

9
beds

5
baths

4,791.6 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 7640 S Phillips Avenue, Chicago, IL 60649. We are reviewing your request and will be in touch shortly!
Carl Johnson

Carl Johnson

Features & Amenities

Interior

  • total bedrooms9
  • Total bathrooms5

Area & Lot

  • Status Active Under Contract
  • Lot Area4,791.6 Sq.Ft.
  • MLS® ID12196509
  • TypeMulti-Family
  • YEAR BUILT1926
  • Architecture StylesAmerican 4-Sq.
  • Middle SchoolBradwell Comm Arts & Sci Element
  • High SchoolSouth Shore Community Academy Se
  • School District299

Exterior

  • Garage Space3.0
  • water SourceLake Michigan, Public
  • roofRubber
  • lot featuresCommon Grounds, Fenced Yard
  • HEAT TYPENatural Gas, Forced Air
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$435,000
  • Real Estate Tax $4,023/yr
  • Zoning MULTI

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