7641 S Phillips Avenue Chicago, IL $ 600,000
7641 S Phillips Avenue
$ 600,000
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7641 S Phillips Avenue

Chicago, IL, 60649
$ 600,000
Bedrooms9 Baths3.0 Sq 4,464

Monthly Estimate*

$ 3,788

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Multi-Family Home for sale in Chicago, IL

for $600,000 with 9 bedrooms and 3 full baths. This 4,464 square foot home was built in 1925.

This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!

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Multi-Family Active

Price

$ 600,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,600

Style

Year Built

1925

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12737828

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Sep Heating Systems - 2+
Possession Closing
Garage Spaces 3
Construction Materials Brick
Year Built 1925
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 Take 76th St to Phillips Ave turn South onto Phillips to property.
City Chicago
High School District 299
MLS Area CHI - South Shore
Tax Annual Amount 3600
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished 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 Detached Garage
Water Source Lake Michigan Public
Total Parking 3
Lot Dimensions 3720
Waterfront Y/N N
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* Excluded Features
List By
Century 21 Impact

Broker

jaivabirch@yahoo.com

Email

Affordability Calculator

$4,088
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,788
Monthly Property Taxes
$300
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/20/2026$600,000 Listed Price

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7641 S Phillips Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $600,000 with 4,464 sqft. 7641 S Phillips Avenue has 9 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 60649 which is in Chicago, IL