7640 Phillips Avenue, South Shore, Chicago, Illinois 60649
$430,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1926 |
| Property Taxes: | $4,023 |
| Days On Market: | 449 |
| Lot Size: | 0,11 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1926 | |
| — | |
| — | |
| No | |
| 0.11 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12196509 | |
| 21303070200000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Middle School
Bradwell Comm Arts & Sci Element |
299 | Not in DB | |
|
High School
South Shore Community Academy Se |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 Jan, 2019 | Sold | $330,379 | MRED MLS |
| 2 Nov, 2018 | Under contract | $310,000 | MRED MLS |
| — | Last price change | $258,000 | MRED MLS |
| 23 Oct, 2018 | Listed for sale | $258,000 | MRED MLS |
| 29 Jun, 2021 | Sold | $400,000 | MRED MLS |
| 20 Apr, 2021 | Under contract | $419,000 | MRED MLS |
| 1 Apr, 2021 | Listed for sale | $419,000 | MRED MLS |
| 31 Dec, 2024 | Sold | $430,000 | MRED MLS |
| 31 Oct, 2024 | Under contract | $435,000 | MRED MLS |
| 25 Oct, 2024 | Listed for sale | $435,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished,Exterior Access
Other Specifics
| 3 | |
| — | |
| — | |
| — | |
| — | |
| 40 X 124 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $2,761 |
| 2021 | $4,391 |
| 2024 | $4,023 |
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Listing Provided By
Century 21 S.G.R., Inc.
