Homes for sale - 7640 S Phillips AVE, Chicago, IL 60649

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John Greene Realtor

[email protected] +1(630) 820-6500

$ 435,000

Est. payment -/mo

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Active Under Contract

7640 S Phillips AVE Chicago, IL 60649

9 Beds

4,791 Sqft Lot

UPDATED:

11/03/2024 04:15 PM

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

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Full, Walkout

Interior

Heating Natural Gas, Forced Air

Equipment Intercom, Ceiling Fan(s)

Fireplace N

Exterior

Garage Detached

Garage Spaces 3.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Waterfront false

Roof Type Rubber

Building

Lot Description Common Grounds, Fenced Yard

Dwelling Type Two to Four Units

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

Listed by Carl Johnson • Century 21 S.G.R., Inc.