7647 Phillips Avenue, South Shore, Chicago, Illinois 60649
$99,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $986 |
| Days On Market: | 2818 |
| Lot Size: | 0,00 |
Description
Prime cash flow opportunity awaits the qualified rehabber/investor. $5500+/mo gross income potential once rehab is completed on this jumbo, legal, four-unit building. Rehab it, lease it and collect the rents. This is an AS-IS sale and the building is in need of a gut renovation. The building has been cleared of debris and has low taxes and is clear of any violations and encumbrances. The three main floors can easily be 3 bedroom/2 bath apartments, and the legal garden unit can be a well appointed 2 or 3 bedroom for enhanced rents. Plenty of room for parking in the rear. Excellent class A rehabbed neighboring properties immediately next door that are professionally managed make this building and it's specific location ideal for reinvestment. Walk to Metra Electric, the Lakefront and Jeffery Jump Bus. This location has strong rental demand. SOLD AS IS. Corporate Owned. Buyer to verify all dimension, room counts, and data. CASH OR HARD MONEY ONLY PLEASE.
Property Specifics
| Multi-unit | |
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| Full,English | |
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| No | |
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| Cook | |
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| — / — | |
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| Lake Michigan,Public | |
| Public Sewer | |
| 10043737 | |
| 21303080290000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Oct, 2018 | Sold | $99,000 | MRED MLS |
| 15 Oct, 2018 | Under contract | $99,000 | MRED MLS |
| 7 Aug, 2018 | Listed for sale | $99,000 | MRED MLS |
| 22 Feb, 2022 | Sold | $131,118 | MRED MLS |
| 28 Jun, 2021 | Under contract | $138,000 | MRED MLS |
| 8 Apr, 2021 | Listed for sale | $138,000 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
Dimensions: —
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Dimensions: —
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Dimensions: —
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Full Bathrooms: 7
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished,Exterior Access
Other Specifics
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| 30X124 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $986 |
| 2022 | $1,168 |
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Listing Provided By
Beals & Associates LTD
