8010 S Phillips Ave

Chicago IL 60617

Multi-Family

Currently for sale - view listing

Overview

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.

Features

9 bedrooms

7 bathrooms

3 carspaces

3 garage spaces

Multi-Family

Property history for 8010 S Phillips Ave

2024

Sold

$259,000

09 Aug 2024 by Lauren Green, of Dream Town Realty

2024

Sold

$202,500

18 Mar 2024 by Anthony Disano, of Parkvue Realty Corporation

2018

Sold

$224,900

14 Jul 2018 by Efrem Lambert, of Anchor Realty Group, Inc

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