$499,900
7515 S Phillips Avenue
Chicago, IL, 60649
Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting — Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!
Property Details
Price:
$499,900
MLS #:
MRD12368959
Status:
Active
Beds:
0
Baths:
0
Address:
7515 S Phillips Avenue
Type:
Commercial
Neighborhood:
CHI – South Shore
City:
Chicago
Listed Date:
May 19, 2025
State:
IL
ZIP:
60649
Year Built:
1921
Schools
Interior
Cooling
Window Unit(s)
Exterior
Financial
Tax Year
2023
Taxes
$4,569
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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7515 S Phillips Avenue
Chicago, IL
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