22
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Listed by Danica Matosof Smart Home Realty
-
Est. payment /mo
9 Beds
Active
8010 S Phillips AVE Chicago, IL 60617
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12771712
Bedrooms 9
Year Built 1926
Annual Tax Amount $7,226
Tax Year 2025
Lot Dimensions 35X125
Property Sub-Type Two to Four Units
Property Description
TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property's expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.
Location
State IL
County Cook
Community Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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