$489,000
8010 S Phillips Avenue
Chicago, IL, 60617
TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property’s expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.
Property Details
Price:
$489,000
MLS #:
MRD12740698
Status:
Active Under Contract
Beds:
9
Baths:
7
Type:
Multi Family
Neighborhood:
chisouthchicago
Listed Date:
Aug 24, 2026
Year Built:
1926
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
3
Parking Total
3
Roof
Asphalt
Financial
Tax Year
2024
Taxes
$7,226
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 Sep 19, 2026
1,293
Multi Family Listed
85
Avg DOM
$527,897
Avg List Price
Community
- Address8010 S Phillips Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60617
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Property Summary
- 8010 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60617. It is listed for $489,000 To schedule a showing of MLS#mrd12740698 at 8010 S Phillips Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
8010 S Phillips Avenue
Chicago, IL
