7741 S Phillips Avenue
Chicago, IL, 60649
$685,000
9 Beds
3 Baths
0 SqFt
0 Acres
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$685,000
7741 S Phillips Avenue
Chicago, IL, 60649
MLS #MRD12645351 image #0MLS #MRD12645351 image #1MLS #MRD12645351 image #2MLS #MRD12645351 image #3MLS #MRD12645351 image #4MLS #MRD12645351 image #5MLS #MRD12645351 image #6MLS #MRD12645351 image #7MLS #MRD12645351 image #8MLS #MRD12645351 image #9MLS #MRD12645351 image #10MLS #MRD12645351 image #11MLS #MRD12645351 image #12MLS #MRD12645351 image #13MLS #MRD12645351 image #14MLS #MRD12645351 image #15MLS #MRD12645351 image #16MLS #MRD12645351 image #17MLS #MRD12645351 image #18MLS #MRD12645351 image #19
Welcome to beautifully renovated 7741 S. Phillips Ave – a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you’re an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

Property Details

Price:
$685,000
MLS #:
MRD12645351
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
May 12, 2026
Year Built:
1926
Chi – South ShoreChisouthshore

Schools

School District:
299

Interior

Heating
Forced Air, Steam

Exterior

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

Financial

Tax Year
2023
Taxes
$3,811
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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 17, 2026
1,366
Multi Family Listed
80
Avg DOM
$516,214
Avg List Price

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Property Summary

    7741 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $685,000 To schedule a showing of MLS#mrd12645351 at 7741 S Phillips Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
7741 S Phillips Avenue
Chicago, IL