8010 Phillips Avenue, South Chicago, Chicago, Illinois 60617
$489,000
|
For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1926 |
| Property Taxes: | $7,226 |
| Days On Market: | 9 |
| Lot Size: | 0,00 |
Description
TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property's expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1926 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12740698 | |
| 21311080320000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Jul, 2018 | Sold | $224,900 | MRED MLS |
| 12 May, 2018 | Under contract | $224,900 | MRED MLS |
| 25 Apr, 2018 | Listed for sale | $224,900 | MRED MLS |
| 18 Mar, 2024 | Sold | $202,500 | MRED MLS |
| 9 Jan, 2024 | Under contract | $190,900 | MRED MLS |
| — | Last price change | $318,200 | MRED MLS |
| 9 Sep, 2023 | Listed for sale | $318,200 | MRED MLS |
| 9 Aug, 2024 | Sold | $259,000 | MRED MLS |
| 2 Jul, 2024 | Under contract | $275,000 | MRED MLS |
| 27 Jun, 2024 | Listed for sale | $275,000 | MRED MLS |
| 24 Aug, 2026 | Listed for sale | $489,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
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Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
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Dimensions: —
Floor Type: —
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Full Bathrooms: 7
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 3 | |
| — | |
| — | |
| — | |
| — | |
| 35X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $4,560 |
| 2024 | $4,274 |
| 2024 | $6,376 |
| 2026 | $7,226 |
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Listing Provided By
Smart Home Realty
