7741 South Phillips Avenue

Chicago IL 60649

Multi-Family

Last sold for $685,000

Scott Berg, last sold this property on 05 June 2026 after 23 days on market.

Overview

Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

Features

9 bedrooms

3 bathrooms

3 carspaces

3 garage spaces

Multi-Family

Estimated Value

Based on this property and similar 9 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 7741 South Phillips Avenue is $410k.

Median value

$410k

Estimated value range

$239.9k - $685k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7741 South Phillips Avenue

2026

Sold

$685,000

05 Jun 2026 by Scott Berg, of Berg Properties

2025

Sold

$239,900

09 Oct 2025 by Stratos Rounis, of SR Realty Group Inc.

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.