Closed

$685,000

7741 Phillips Avenue, Chicago, IL 60649
9 Beds3 Baths4 days
7741 Phillips Avenue·Chicago, IL 60649
9Bedrooms
3Bathrooms
1926Year Built
About This Home

Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

MLS# 12645351Listed May 12, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms18

Size & Structure

Garage Spaces3
Year Built1926
Lot Size3720

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$685,000
Annual Taxes (2023)$3,811
Monthly Tax Est.$318
Parcel #21303190110000
Interior Features

Heating

Forced AirSteam

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$3,811
Tax Year 2023
Monthly Tax Est.
$318
per month
Property Location

7741 Phillips Avenue, Chicago, IL 60649 — Cook County

$685,000
7741 Phillips Avenue
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
4 days on market
3-car garage
3720
$3,811/yr taxes
$3,918
estimated monthly payment
Principal & Interest
$3,600/mo
Property Tax
$318/mo
$685,000
20% — $137,000
3%50%
6.875%
3%12%
Loan Amount
$548,000
Down Payment
$137,000

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

Listed by
Berg Properties
Agent: Scott Berg
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.