$389,900
7721 S Phillips Avenue
Chicago, IL, 60649
A must-see investment opportunity! This spacious 3-flat offers excellent rental income potential. Fully rehabbed in 2018, each unit boasts 3 large bedrooms, 1.5 baths, hardwood floors, and high ceilings that enhance the bright, airy feel throughout. Updated features include granite countertops, stainless steel appliances, and stylish bathrooms, complemented by neutral tones that suit any decor. Washer/dryer available in each unit in as-is condition. The 2nd floor unit is occupied by long-term tenants on month-to-month leases, providing immediate income with room for rental increases. The 1st and 3rd floor unit are vacant and available for showings. Each unit has potential for higher rents. Building is being Sold As-Is.
Property Details
Price:
$389,900
MLS #:
MRD12309147
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Mar 11, 2025
Year Built:
1922
Schools
School District:
299
Interior
Heating
Other
Exterior
Construction Materials
Frame
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$3,811
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Multi Family in Chicago as of Oct 30, 2025
1,554
Multi Family Listed
81
Avg DOM
$495,127
Avg List Price
Community
- Address7721 S Phillips Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
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Property Summary
- 7721 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $389,900 To schedule a showing of MLS#mrd12309147 at 7721 S Phillips Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7721 S Phillips Avenue
Chicago, IL
