7640 South Phillips, Chicago IL 60649
- Units 3
- Total Beds 9
- Total Baths 5
- Taxes $4,023.16
- Payment Estimate View Mortgage Calculator
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Property Description
Discover a unique investment opportunity in Chicago's South Shore! Are you searching for a prime investment opportunity in one of Chicago's vibrant neighborhoods? Look no further than this jumbo-sized, 3-unit building located in the heart of South Shore. This property is not just a place to live; it is a strategic investment with features that cater to both owner-occupiers and savvy investors. Spacious units: Each unit boasts generous bedroom sizes, perfect for comfortable living. Modern amenities: Enjoy the convenience of central heat and air conditioning, with 2020 AC units ensuring efficiency and comfort. Recent upgrades: The building features a newer roof installed in 2019, garage roof in 2019, along with tuckpointing, gutters, and downspouts completed in 2019, ensuring durability and reduced maintenance costs. Hardwood floors and fresh paint: All units are adorned with beautiful hardwood floors and have been recently painted, offering a fresh and modern aesthetic. Bonus room: An enclosed back porch provides additional space, perfect for a home office or relaxation area. Tenant-paid utilities: Each unit is equipped with washer/dryer hookups, and tenants are responsible for their own utilities, maximizing your investment return. Ample parking: A detached 3 car garage offers secure parking and additional storage space. Investment potential: This property is ideal for investors looking to capitalize on the rental market, or for those seeking a home with income potential. With tenants paying utilities and the property's strategic location, you can expect a steady cash flow and potential appreciation over time. Location benefits: South Shore is a dynamic community known for its cultural diversity and proximity to Lake Michigan. Residents enjoy easy access to public transportation, parks, and local amenities, making it a desirable location for renters and homeowners alike. Do not miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Whether you are looking to expand your investment portfolio or find a home that pays for itself, this property is a must-see.
Features & Information
Key Details
- List Price $435,000
- Property Taxes $4,023.16
- Price/ Sq. Ft. Unavailable
- Year Built 1926
- Parking Type Garage
- Status New
Rooms
- Total Rooms 21
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 3
- # of Garage Spaces: Garage Door Opener(s)
Building Information
- Number of Units 3
- Age of Building 91-100 Years
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas, Forced Air
-
Units
- Unit 1 Stove, Refrigerator
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property East/west On 75th St To Phillips, 1-way South To Property.
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Schools
- Elementary School District 299
- Junior High District 299
- School Name Bradwell Comm Arts &
- High School District: 299
- School Name South Shore Community Aca
-
Property Taxes
- Tax 4023.16
- Tax Year 2023
- Parcel Identification Number 21303070200000
Utilities
- Sewer Sewer-Publ
Listed by Carl Johnson for Century 21 S.G.R., Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/31/2024 12:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Shore
Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.
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