Eco Friendly
Address
7627 S Phillips Avenue Chicago, IL
Price
$ 450,000
Property Attributes
  • MLS#10936115
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - South Shore
  • NeighborhoodSouth Shore
  • Zip60649
  • StyleMulti-Family
  • Year Built1914
  • Taxes4865
  • Price$ 450,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Straight-A Realty, LLC
Property Description

Welcome to Chicago's famous South Shore neighborhood! South Shore is one of hottest neighborhoods for investors in the entire nation! This beautiful 6-unit cash flow machine has plenty of upside and includes a bonus garden apartment for a total of 7 units! This building also includes a brick 6-car garage! Each unit has 2 bedrooms and 1 bath, the garden apartment is 1 bed, 1 bath. Each 2-bedroom unit can rent for up to $1,300 per month for CHA/Section 8 voucher holders and the garden apartment can rent for up to $1,145 per month for CHA/Section 8 voucher holders, that's $8,945 per month in total monthly rental revenue! Plenty of equity available at this purchase price for improvements. Based on renovated comparable sales from the past 12 months the After-Repair-Value of this property is approximately $527,000! 6 of the 7 units are occupied. This building has been poorly managed and we are currently working with the seller to obtain updated financials. For the right buyer with experience and the right execution strategy this is a true winner! Please act swiftly as this opportunity will not last long! Only available to show during announced showing times. Showing times will be announced soon! Updated rent roll will also be available soon! Please email agent to be added to the list for showing time updates. We are working to schedule showings at this property and expect to have a date set soon for as early as Tuesday, December 1. We will confirm a firm date and time as soon as possible! We will have full financial statements available at that time, as well.

Price History
11/18/2020 Listed $450,000

General Features

Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active
Zoning MULTI

Interior Features

Basement Slab

Exterior Features

Exterior Brick
Lot Dimensions 58X124

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60649

Price
AVG $480K
$450K
Taxes
AVG $5,608
$4,865
Visits
AVG 97
6
Year Built
AVG 1928
1914
Walkscore
AVG 69
68
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover