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$435,000
9
beds
5
baths

7640 S Phillips Avenue
Chicago, Illinois 60649

New / MLS #12196509 / Multiple Unit (2-4) / South Shore
Listing information updated 10/25/2024 at 11:03am
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.
Architecture Style:
American 4-Sq.
Exterior Type:
Brick
Basement:
Finished,Exterior Access
Beds Above Grade:
9
Heating System:
Natural Gas, Forced Air
Pool:
No
Age:
91-100 Years
Roof Type:
Rubber
Parking Type:
Garage
Garage:
Garage Door Opener(s)
Room Count:
21
Water Front:
No
Square Feet:
N/A
Lot Size:
.25-.49 Acre
Acreage:
0.11
Tax Amount:
$4,023
Tax Year:
2023
Zip Code:
60649
City:
Chicago
County:
Cook
School District(s):
299
Elementary School:
N/A
Middle School:
Bradwell Comm Arts & Sci Element
High School:
South Shore Community Academy Se

Listing Office: Century 21 S.G.R., Inc.

Listing Office Phone: 312.455.1322

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/25/2024 at 11:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

South Shore

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Metra

Metra
Metra Electric South Chicago Branch line at Windsor Park Metra
$198,844
Average Sale Price
88
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 7640 S Phillips Avenue, Chicago, IL 60649

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7640 S Phillips Avenue is a multiple unit (2-4) currently listed at $435,000. 7640 S Phillips Avenue features 9 Beds, 5 Baths. This multiple unit (2-4) has been listed on @properties since October 25th, 2024 and was built in 1926. Nearby schools include Bradwell Comm Arts & Sci Element and South Shore Community Academy Se. The nearest transit stops include Windsor Park Metra Metra Metra Electric South Chicago Branch line.

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