7741 S Phillips Avenue Chicago, IL $ 685,000
7741 S Phillips Avenue
$ 685,000
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7741 S Phillips Avenue

Chicago, IL, 60649
$ 685,000
Bedrooms9 Baths3.0

Monthly Estimate*

$ 4,218

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Multi-Family Home for sale in Chicago, IL

for $685,000 with 9 bedrooms and 3 full baths. This home was built in 1926.

Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

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Multi-Family Active

Price

$ 685,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,811

Style

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12645351

Features
General
Sewer Public Sewer
Heating Forced Air Steam
Possession Closing
Zoning MULTI
Garage Spaces 3
Construction Materials Brick
Year Built 1926
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status New
Directions 77th Street East to Phillips right to 7741.
City Chicago
High School District 299
MLS Area CHI - South Shore
Tax Annual Amount 3811
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 9
Total Baths 3
Bedrooms Possible 9
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 3720
Waterfront Y/N N
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* Excluded Features
List By
Berg Properties

Broker

cberg@bergproperties.com; support@bergproperties.com

Email

Affordability Calculator

$4,535
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,218
Monthly Property Taxes
$318
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$685,000 Listed Price

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7741 S Phillips Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $685,000. 7741 S Phillips Avenue has 9 bedrooms, 3.0 baths, and was built in 1926. The property's zip code is 60649 which is in Chicago, IL