11
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$499,900
Est. payment /mo
New
7515 S Phillips Avenue Chicago, IL 60649
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12355139
Year Built 1921
Annual Tax Amount $4,569
Tax Year 2023
Lot Dimensions .17 ACRES
Property Sub-Type Multi Family 5+
Property Description
Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Others
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sohail Salahuddin • eXp Realty, LLC