Pending
    • $150,000

    7813 S Phillips Ave, Chicago, IL 60649

    3beds
    1,749sqft
    : 
    MultiFamily
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $86/sqft
    $-- HOA

    What's special

    Durable brick exterior
    7813 S Phillips Ave, Chicago, IL 60649 Listed at $150,000 – 3-Unit Multifamily (1BD/1BA Each) ~1,792 sq ft | Lot: ~3,484 sq ft | RM Zoning Solid brick 3-flat in Chicago’s South Shore neighborhood. This property includes three 1-bedroom, 1-bathroom units, two of which are currently tenant-occupied, providing immediate rental income. One unit is vacant and ready for updates. Cosmetic improvements needed include paint, flooring, kitchen and bath refreshes, and light mechanical work. The building features a durable brick exterior and strong bones. With comparable area sales ranging from $160K to $260K, this property offers excellent long-term potential. Rental comps for similar 1BD units in the area range from $850–$1,200/month. Sold as-is. Showings available for VACANT unit (open house once a month for whole building) with accepted offer.
    What the owner loves about this home
    • Only needs paint, floors, kitchen/bath tweaks • Already got 2 tenants paying rent = income day 1 • Brick structure solid like your auntie’s potato salad • Zoned multi-family – no funny business needed • ?? Rents in 60649: $850–$1,200 for 1BDs • South Shore is rapidly appreciating • Vacant unit = quick value-add w/ no eviction headaches. • Brick building = less exterior upkeep • Small lot = lower taxes, no wasted land • Obama Presidential Center nearby = new interest + long-term appreciation • CTA Red Line + Metra Electric access = solid tenant pool • Crime is trending down; Section 8 demand is up
    49 days
    on Zillow
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    251
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