Active Under Contract

$600,000

7641 Phillips Avenue, Chicago, IL 60649
9 Beds3 Baths30 days
7641 Phillips Avenue·Chicago, IL 60649
9Bedrooms
3Bathrooms
1925Year Built
About This Home

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!

MLS# 12737828Listed August 19, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms18

Size & Structure

Garage Spaces3
Year Built1925
Lot Size3720

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$600,000
Annual Taxes (2025)$7,103
Monthly Tax Est.$592
Parcel #21303080110000
Interior Features

Heating

Natural GasForced AirSep Heating Systems - 2+

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

YesDetachedGarage
Tax & Financial
Annual Taxes
$7,103
Tax Year 2025
Monthly Tax Est.
$592
per month
Property Location

7641 Phillips Avenue, Chicago, IL 60649 — Cook County

$600,000
7641 Phillips Avenue
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
30 days on market
3-car garage
3720
$7,103/yr taxes
$3,745
estimated monthly payment
Principal & Interest
$3,153/mo
Property Tax
$592/mo
$600,000
20% — $120,000
3%50%
6.875%
3%12%
Loan Amount
$480,000
Down Payment
$120,000

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

Listed by
Century 21 IMPACT
Agent: Jaiva Birch
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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