7647 S Phillips Avenue Chicago, IL 60649

$99,000
7647 S Phillips Avenue, Chicago, IL 60649
10043737

Multi-Family Home for sale in Chicago, IL

for $99,000 with 11 bedrooms. The lot size is 30X124.

Property Information

  • $99,000
  • 11 Bedrooms
  • Multi-Family
  • Taxes are $986
  • Flat
  • Active
  • Lot size of 30X124
  • Chicago, IL
  • South Shore Neighborhood
  • Cook County
  • MLS/Web ID is 10043737
  • Just Listed

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.

Room Information

  • Basement
  • Basement
  • Basement

Interior 4

Basement

  • Full Basement
  • Other
  • Unfinished
  • Walk-Out

Heating System

  • Gas

Sewer

  • Public Sewer

Water Source

  • Lake
  • Public Water

Exterior 2

Parking

  • On Site Parking

Siding

  • Brick

Miscellaneous 1

Public Transportation Location

  • Close to Railroad
  • Public Bus

† Excluded Feature

Listed By

Broker: BEALS & ASSOCIATES LTD

7647 S Phillips Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $99,000 with a lot size of 30X124. 7647 S Phillips Avenue has 11 bedrooms and 0 baths. The property's zip code is 60649 which is in Chicago, IL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Chicago $554,992 461 % above $349,000 253 % above
Multi-family listings in Chicago $434,378 339 % above $329,000 232 % above

Get the facts about Chicago, IL!

Population 2,758,555
Population Growth (since 2000) -4 %
Median Income $49,562
Median Age 34.83
Households w/ Children 25 %

Residential Dwellings

  • Owned 491166
  • Vacant 139733
  • Rented 585273

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