7640 S Phillips Avenue Chicago, IL 60649

Property Photo: 7640 S Phillips Avenue IL 60649

Listing Courtesy of:

Midwest Real Estate Data / Century 21 S.G.r., Inc.

7640 S Phillips Avenue Chicago, IL 60649

Contingent (63 Days)

$435,000

BED

BATH

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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.

MLS #:
12196509

Taxes
$4,023(2023)

Lot Size
4,792 SQFT

Type
Multifamily

Year Built
1926

Style
American 4-Sq.

School District
299

County
Cook County

Listed By

Carl Johnson, Century 21 S.G.r., Inc.

Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Dec 26 2024 at 5:19 PM GMT+0000

Bathroom Details

Interior Features

Ceiling Fan(s)
Intercom

Lot Information

Fenced Yard
Common Grounds

Property Features

Foundation: Concrete Perimeter

Heating and Cooling

Forced Air
Natural Gas

Basement Information

Exterior Access
Finished
Walkout
Full

Exterior Features

Brick
Roof: Rubber

Utility Information

Utilities: Water Source: Public, Water Source: Lake Michigan
Sewer: Public Sewer

School Information

Middle School: Bradwell Comm Arts & Sci Element
High School: South Shore Community Academy SE

Garage

Garage Door Opener(s)
Detached

Location

Map View | Street View

Listing to Address

Address to Listing

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by C21 Circle and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.

Our Story

At CENTURY 21 Circle, we are dedicated to surpassing expectations. With a team of over 1,000+ skilled real estate professionals across 40+ office locations in Florida, Illinois, and Indiana, we are ready to meet your needs. Our mission is simple: to deliver extraordinary experiences, whether you're buying, selling or building a career in real estate. We are here to help you achieve your real estate goals with unmatched service and expertise, defying mediocrity every step of the way.

CENTURY 21© and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. CENTURY 21 Circle fully supports the principals of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any service or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.