7641 S Phillips AVE, Chicago, IL 60649
7641 S Phillips AVE, Chicago, IL 60649
7641 S Phillips AVE, Chicago, IL 60649
7641 S Phillips AVE, Chicago, IL 60649
7641 S Phillips AVE, Chicago, IL 60649
7641 S Phillips AVE, Chicago, IL 60649
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$ 600,000
Est. payment | /mo

9 Beds

3 Baths


Save
$ 600,000
Est. payment | /mo
Save

9 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12737828

Bedrooms 9

Year Built 1925

Annual Tax Amount $3,600

Tax Year 2023

Lot Dimensions 3720

Property Sub-Type Two to Four Units

Property Description

This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!

Location

State IL

County Cook

Area Chi - South Shore

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+

Fireplace N

Exterior

Garage Spaces 3.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Jaiva Birch of  Century 21 IMPACT 

NEARBY SCHOOLS & PROPERTIES

Serene Realty, Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL 60616, United States

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7641 S Phillips AVE