Multifamily

$299,900

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7965 S Phillips Avenue

  • 7 beds
  • 7 baths
  • – sqft
  • 3,920 sqft lot
  • 1922 build
  • on site

This 4-unit brick building is well-maintained and has a positive cash flow with the potential for more. You'll be welcomed by long-time tenants ready be your eyes and ears. The building is a fantastic opportunity for an investor or a family building. The building has a three-car garage with two additional parking spaces. These spaces have been previously rented for additional funds. The property sits on a quiet block, and neighbors are supportive and work together. It also offers a great location with access to Lake Shore Drive, 90/94, I57, The Skyway, and the Calumet Expressway. Access to public transportation is steps away, with the option to travel by CTA, Metra, and the EL. Your tenants are minutes from South Shore, Hyde Park, Downtown, and the Lakefront, to name a few nearby amenities. Investors, this building speaks to you, offering residual income. You should make an offer today; this is it! This building is a GREAT buy and won't last long on the market.

MRED logo Listing courtesy of MRED / Exit Strategy Realty

Last checked: Checking… • Last updated Feb 18, 2021 • Source: MRED

MLS# 10974924 —

Amenities & Taxes

The Building

Year Built:
1922
REBUILT:
No
New Construction:
false
Basement:
Full

Interior

Rooms Total:
25

Location

Directions:
East or West on 79th Street, 1 block south/north of Yates, left onto Phillips, left side middle of the block.

The Property

Parcel Number:
21311090040000
Property Type:
Residential Income
Lot Size Dimensions:
4340
Lot Size Acres:
0.09
Zoning:
MULTI
Waterfront:
false

Listing Agent

Contact info:

Taxes

Tax Year:
2019
Tax Annual Amount:
4374.46

Beds

Bedrooms Total:
7
Bedrooms Possible:
7

Baths

Bathrooms:
7
Bathrooms Full:
4
Bathrooms Half:
3
Full Baths:
4
Half Baths:
3
Unit 1 Full Baths:
1
Unit 2 Full Baths:
1
Unit 3 Full Baths:
1
Unit 4 Full Baths:
1

The Listing

Special Listing Conditions:
None

Heating & Cooling

Heating:
Natural Gas

Utilities

Sewer:
Public Sewer
Water Source:
Lake Michigan,Public

Schools

Elementary School:
Coles Elementary School Language
Elementary School District:
299
Middle Or Junior School District:
299
High School:
South Shore Community Academy Se
High School District:
299

The Community

Community Features:
Park,Curbs,Sidewalks,Street Lights,Street Paved

Parking

Garage Type:
Detached
Garage Spaces:
3
Garage Onsite
Yes

Extra Units

Unit 1 Half Baths:
1
Unit 2 Half Baths:
1
Unit 3 Half Baths:
1

Schools

Rating Details
3

Edward Coles Elementary Language Academy

  • Public
  • K-8
  • 0.6 mi
N/A

School Of Leadership High School

  • Public
  • 11-12
  • 0.9 mi
2

Chicago Vocational Career Academy High School

  • Public
  • 9-12
  • 0.9 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
2/9/21
Sold Subject To Contingencies MRED $299,900
1/19/21
Listed / Active MRED $299,900

Finding records…

No additional history available

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