7840 Phillips Avenue, South Shore, Chicago, Illinois 60649
$405,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1924 |
| Property Taxes: | $3,922 |
| Days On Market: | 1741 |
| Lot Size: | 0,00 |
Description
Positive cash flow in HOT south shore area. Well maintained brick 3-flat. Gut rehabbed in 2013 and fully rented with 3 long-term tenants. FL1 tenant since Aug 2015. FLoors 2, 3 since Oct 2017 and April 2018. Rents have not been raised and can be higher. Full rehab included new plumbing / electrical, new individual HVAC units in each unit, new hot water heaters, new windows, new roof, new kitchens, baths were updated. Each unit is spacious and includes refinished hardwood floors throughout and separate living and dining areas. Original trim-work was kept in the units and refinished and stained, adding character to the units. This includes the original 1924 refinished and stained hallway cabinets. The building has a Coin-op Laundry in the basement for additional monthly income, a steel back porch and a 3 car garage. The property is securely fenced and security cameras surround the building, providing peace of mind for the tenants (and the landlord). Basement was more than 1/2 finished for 3 bedrooms -- a potential 4th unit for future income. This is a true money-making opportunity for the savvy investor!!!
Property Specifics
| Multi-unit | |
| — | |
| Other | |
| 1924 | |
| Full | |
| 3 FLAT | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 10956769 | |
| 21303250220000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 24 Nov, 2009 | Sold | $42,000 | MRED MLS |
| 6 Nov, 2009 | Under contract | $41,899 | MRED MLS |
| — | Last price change | $48,900 | MRED MLS |
| 25 Mar, 2009 | Listed for sale | $127,900 | MRED MLS |
| 30 Apr, 2021 | Sold | $405,000 | MRED MLS |
| 15 Jan, 2021 | Under contract | $389,900 | MRED MLS |
| 18 Dec, 2020 | Listed for sale | $389,900 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Partially Finished
Other Specifics
| 3 | |
| Concrete Perimeter | |
| — | |
| — | |
| Fenced Yard | |
| 3720 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $3,688 |
| 2021 | $3,922 |
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Listing Provided By
Core Realty & Investments Inc.
