7424 S Phillips Ave

Chicago IL 60649

0.14 ac.

Multi-Family

Currently for sale - view listing

Overview

Calling all investors! Not only will you have equity when you close, but you'll also have cashflow! This well maintained 3 Unit + Garden is located in the heart of the popular, up and coming South Shore neighborhood. All units are rented. Each of the 11 bedrooms have been rented individually to maximize the properties potential. Each unit is individually heated and metered (Gas) with its own hot water tank. Unit one is the largest with five bedrooms and two baths. This unit is a duplex down and includes a kitchen on both floors. Unit two and Three are both 3 bedroom and one bath. Current monthly income is $3, 600. Using current comparables in the area, monthly rental income can easily be increased by an additional $600+. This property is conveniently located to access Lake Shore Drive. A few blocks from the South Shore Cultural Center and a few short minutes to 63rd street beach. Easy walk to CTA bus and Metra train. This investment property can be yours! Set up your showing today!

Features

11 bedrooms

4 bathrooms

2 carspaces

2 garage spaces

0.14 ac. lot size

Multi-Family

Property history for 7424 S Phillips Ave

2016

Sold

$262,000

24 Oct 2016 by Amanda Stapleton, of Dream Spots Leasing Inc

2009

Sold

$53,000

24 Nov 2009 by Henry Jones, of SOUTHLAND REAL ESTATE INC

Happy sellers in Chicago

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Local market activity for 11 bedroom multi families in Chicago

In the last 12 months, 3 numeral.11-bedroom multi families similar to 7424 S Phillips Ave, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Victoria Hoffman

at Dior Realty Group

View listing

Sales:: (619) 566-0008

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