7801 S PHILLIPS Avenue Chicago, IL ^$ 1,050,000

7801 S PHILLIPS Avenue

^$ 1,050,000

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7801 S PHILLIPS Avenue

Chicago, IL, 60649

^$ 1,050,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 7,335

7801 S PHILLIPS Avenue, Chicago, IL 60649 - Image 1

7801 S PHILLIPS Avenue, Chicago, IL 60649 - Image 2

7801 S PHILLIPS Avenue, Chicago, IL 60649 - Image 3

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7801 S PHILLIPS Avenue, Chicago, IL 60649 - Image 9

Multi-Family Home for sale in Chicago, IL

for $1,050,000 with 6 bedrooms. This home was built in 1926 on a lot size of 0.25.

***BACK ON THE MARKET***GREAT OPPORTUNITY FOR INVESTOR LOOKING TO CREATIVE POSITIVE CASHFLOW. 3 story brick 19 unit building. Property is located on the SE corner of 78th and Phillips Ave. The building is structurally sound! Completely fenced front and rear. All apartments are generous in size. Minutes from South Shore Cultural Center (9 hole golf course) Lake Michigan and The Obama Presidential Center. Potential condo conversion or BNB. SOME SELLER FINANCING CONSIDERED!

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 9,401

Style

Lot Size

0.25

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11895960

Features

General

Construction Materials Brick

Year Built 1926

Tenant Pays Electricity

Stories 3

Township Hyde Park

Tax Year 2022

Gross Income 189270

County Cook

Net Operating Income 116095

Operating Expense 73176

Insurance Expense 10000

Property Type Commercial Sale Multi Family 5+

Status Active

Directions 76 STREET EAST OF YATES TO PHILLIPS. SOUTH TO 7801 S. PHILLIPS

City Chicago

Total Units 19

MLS Area CHI - South Shore

Lot Size Square Feet 11250

Street Name PHILLIPS

Tax Annual Amount 9401.57

Electric Expense 2500

Fuel Expense 13000

Trash Expense 1500

Water Sewer Expense 10000

Additional Parcels Y/N N

Days on Market 178

Standard Status Active

Exterior

Lot Dimensions 90X125

Lot Size Acres 0.25

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Elite Executives Real Estate

Broker

cherylgordon1622@yahoo.com

Affordability Calculator

$8,118

Per Month

Monthly Principal & Interest: $7,335
Monthly Property Taxes: $783
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,989

Percent of Sale Price 39%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/28/2023	$1,050,000		Listed Price

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7801 S PHILLIPS Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $1,050,000 with a lot size of 0.25. 7801 S PHILLIPS Avenue has 6 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/29/2024.

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7801 S PHILLIPS Avenue

Multi-Family Home for sale in Chicago, IL

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