7751 Phillips Avenue, South Shore, Chicago, Illinois 60649
$415,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1923 |
| Property Taxes: | $3,388 |
| Days On Market: | 71 |
| Lot Size: | 0,00 |
Description
Attention investors and house hackers, this South Chicago 3-flat checks every box. 7751 S. Phillips Ave offers immediate cash flow with serious value-add upside in one well-maintained package. The building features three income-producing units: two 2-bedroom/1-bath units currently leased at $1,300/month and one spacious 3-bedroom/1-bath unit at $1,500/month, generating $4,100/month and $49,200 annually in rental income at a 7.7 cap rate. The real opportunity is in the unfinished basement. With the right build-out, this space can be converted into an additional 1- or 2-bedroom unit, pushing total monthly rents to $5,100-$5,300 and stabilized property value well north of $550,000, a potential $130,000+ in forced equity for the right buyer. Whether you're an experienced investor looking to add a cash-flowing asset to your portfolio, or an owner-occupant ready to live in one unit while the other two cover your mortgage, 7751 S. Phillips delivers. Strong existing tenants, proven rents, and a clear path to increased value make this a rare find at this price point.
Property Specifics
| Multi-unit | |
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| 1923 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12560835 | |
| 21303190150000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Dec, 2020 | Sold | $260,000 | MRED MLS |
| 10 Sep, 2020 | Under contract | $280,000 | MRED MLS |
| 5 Aug, 2020 | Listed for sale | $280,000 | MRED MLS |
| — | Last price change | $420,000 | MRED MLS |
| 3 Feb, 2026 | Listed for sale | $420,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 25x125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $3,469 |
| — | $3,388 |
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Listing Provided By
Fulton Grace Realty
