7641 S Phillips Avenue
Chicago, IL, 60649
$560,000
9 Beds
3 Baths
0 SqFt
0 Acres
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$560,000
7641 S Phillips Avenue
Chicago, IL, 60649
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This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments consist of 3 large bedrooms, a formal dining room and beautifully restored hardwood floors. Some of the many upgrades and updates include separate heating systems and water heaters, a new roof on both the apartment building and garage, a rebuilt back porch, new copper and waste plumbing lines and updated electrical. In addition, the updated kitchens include quartz countertops and all new stainless steel appliances. All bathrooms have been updated with new fixtures and tiles. They’re also equipped with jetted tubs for soothing those sore muscles. Throughout the units, there’s new flooring as well as some new windows. In other words, the repair and maintenance issues have been addressed. For additional income, the laundry hook-up is located in the basement, and there’s 1 garage space/unit. For the savvy buyer with vision, the basement serves as a great value add in terms of more rental income. Conveniently located close to Rainbow Beach, the Obama Library, Hyde Park, public transportation. Places of worship, schools, restaurants, shopping are nearby. Schedule your appointment today!

Property Details

Price:
$560,000
MLS #:
MRD12627060
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Apr 24, 2026
Year Built:
1925
Chi – South ShoreChisouthshore

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+

Exterior

Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Detached, Garage
Parking Spots
3
Parking Total
3

Financial

Tax Year
2023
Taxes
$3,600
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of May 19, 2026
1,368
Multi Family Listed
79
Avg DOM
$519,123
Avg List Price

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Property Summary

    7641 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $560,000 To schedule a showing of MLS#mrd12627060 at 7641 S Phillips Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
7641 S Phillips Avenue
Chicago, IL