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7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
7640 S Phillips Avenue
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$435,000

7640 S Phillips Avenue

9 Beds 5 Baths

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.

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Location

7640 S Phillips Avenue, Chicago, IL 60649

Status

Active Under Contract
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 7640 S Phillips Avenue, Chicago, IL 60649. We are reviewing your request and will be in touch shortly!
Carl Johnson

Carl Johnson

TITLE

Real Estate Broker

Property Amenities

Interior
Total Bedrooms: 9
Area & Lot
Lot Area 4,791.6 Sq.Ft.
MLS® ID 12196509
Year Built 1926
School District 299
High School South Shore Community Academy Se
Middle School Bradwell Comm Arts & Sci Element
Architecture Styles American 4-Sq.
Type Multi-Family
Status Active Under Contract
Exterior
Heat type Natural Gas, Forced Air
Water Source Lake Michigan, Public
Garage Space 3.0
Sewer Public Sewer
Lot Features Common Grounds, Fenced Yard
Roof Rubber
Finance
Sales Price $435,000
Real Estate Tax $4,023 yearly

Work With Me

At the The Armando Chacon Group, “Local expertise, boutique service, great results, every time” is more than a slogan, it is a commitment and a promise. It is what we strive to achieve with every client we serve. When working with us, you should expect the highest level of service.

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