615 Frances Street, Phoenix, Illinois 60426
$164,900
|
For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $14,854 |
| Days On Market: | 70 |
| Lot Size: | 0,07 |
Description
Financing Fell through at the last minute. Perfect opportunity for investors. Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there's plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you're looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community.
Property Specifics
| Multi-unit | |
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| No | |
| 0.07 |
| Cook | |
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| — / — | |
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| 12463986 | |
| 29161140130000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
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Grade School
Madison School |
151 | — | |
|
Middle School
Coolidge Middle School |
151 | Not in DB | |
|
High School
Thornton Township High School |
205 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 8 Oct, 2021 | Sold | $110,000 | MRED MLS |
| 5 Aug, 2021 | Under contract | $159,900 | MRED MLS |
| 7 Jul, 2021 | Listed for sale | $159,900 | MRED MLS |
| — | Last price change | $179,900 | MRED MLS |
| 4 Sep, 2025 | Listed for sale | $179,900 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 23X122 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $6,997 |
| — | $14,854 |
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Listing Provided By
Alexander & Associates Realty Group
