Under Contract

Listed by Victoria Hoffman

Source: eXp Realty #105502163

7424 S Phillips Ave, Chicago, IL, 60649

$285,000

11
4
2
0.14 ac.

MultiFam

30+ days on the market

What's around 7424 S Phillips Ave

About this property

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!

Looking for more information on 7424 S Phillips Ave?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

Under Contract
$495,000
7724 S Essex Ave
Chicago IL 60649
11
4
3
Multi-Family
Listing courtesy of Kale Realty
For Sale
$525,000
7637 South Phillips Avenue
Chicago IL 60649
11
7
3
Multi-Family
Listing courtesy of Blue Door Dave Inc
For Sale
$550,000
South Clyde Avenue
Chicago IL 60649
11
7
8
Multi-Family
Listing courtesy of Compass

Other properties for sale by Dior Realty Group

For Sale
$36,500
7231 South Vincennes Avenue
Chicago IL 60621
Land
Listing courtesy of Dior Realty Group
Under Contract
$275,000
8611 South Bennett Avenue
Chicago IL 60617
9
3
3
Other
Listing courtesy of Dior Realty Group
Under Contract
$150,000
1827 S 8th Ave
Maywood IL 60153
3
3
2
Single-Family
Listing courtesy of Dior Realty Group

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent