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$435,000

7640 Phillips Avenue, Chicago, IL 60649
9 Beds5 Baths7 days
7640 Phillips Avenue·Chicago, IL 60649
9Bedrooms
5Bathrooms
1926Year Built
About This Home

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.

MLS# 12196509Listed October 25, 2024Residential IncomeAmerican 4-Sq.
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms5
Total Rooms21

Size & Structure

Garage Spaces3
Year Built1926
Lot Size0.110 acres

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$435,000
Annual Taxes (2023)$4,023
Monthly Tax Est.$335
Parcel #21303070200000
Interior Features

Heating

Natural GasForced Air

Basement

FinishedExterior EntryFullWalk-Out Access
Exterior & Lot

Construction

Brick

Roof

Rubber

Foundation

Concrete Perimeter

Lot Features

Common Grounds
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerOn SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

CurbsGatedSidewalksStreet LightsStreet Paved
Schools
Middle School
Bradwell Comm Arts & Sci Element
District: 299
High School
South Shore Community Academy Se
District: 299
Tax & Financial
Annual Taxes
$4,023
Tax Year 2023
Monthly Tax Est.
$335
per month
Property Location

7640 Phillips Avenue, Chicago, IL 60649 — Cook County

$435,000
7640 Phillips Avenue
9 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
3-car garage
0.110 acres
$4,023/yr taxes
$2,621
estimated monthly payment
Principal & Interest
$2,286/mo
Property Tax
$335/mo
$435,000
20% — $87,000
3%50%
6.875%
3%12%
Loan Amount
$348,000
Down Payment
$87,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Century 21 S.G.R., Inc.
Agent: Carl Johnson
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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