7640 S Phillips Avenue Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60649
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12196509
Style American 4-Sq.
Bedrooms 9
Year Built 1926
Annual Tax Amount $4,023
Tax Year 2023
Lot Size 4,791 Sqft
Lot Dimensions 40 X 124
Property Description
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.
Location
State IL
County Cook
Community Curbs,Gated,Sidewalks,Street Lights,Street Paved
Zoning MULTI
Rooms
Basement Full,Walkout
Interior
Heating Natural Gas,Forced Air
Fireplace N
Exterior
Garage Detached
Garage Spaces 3.0
Waterfront false
View Y/N true
Roof Type Rubber
Building
Lot Description Common Grounds,Fenced Yard
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan,Public
New Construction false
Schools
Middle Schools Bradwell Comm Arts & Sci Element
High Schools South Shore Community Academy Se
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None