Nicole Van Haverbeke

Advisor | License ID: 475.159223

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$ 430,000

$ 435,000 1.1%

Est. payment -/mo

Sold on 12/31/2024

7640 S Phillips Avenue Chicago, IL 60649

9 Beds

4,791 Sqft Lot

UPDATED:

Key Details

Sold Price $430,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12196509

Sold Date 12/31/24

Style American 4-Sq.

Bedrooms 9

Year Built 1926

Annual Tax Amount $4,023

Tax Year 2023

Lot Size 4,791 Sqft

Lot Dimensions 40 X 124

Property Description

Discover a unique investment opportunity in Chicago's South Shore! Are you searching for a prime investment opportunity in one of Chicago's vibrant neighborhoods? Look no further than this jumbo-sized, 3-unit building located in the heart of South Shore. This property is not just a place to live; it is a strategic investment with features that cater to both owner-occupiers and savvy investors. Spacious units: Each unit boasts generous bedroom sizes, perfect for comfortable living. Modern amenities: Enjoy the convenience of central heat and air conditioning, with 2020 AC units ensuring efficiency and comfort. Recent upgrades: The building features a newer roof installed in 2019, garage roof in 2019, along with tuckpointing, gutters, and downspouts completed in 2019, ensuring durability and reduced maintenance costs. Hardwood floors and fresh paint: All units are adorned with beautiful hardwood floors and have been recently painted, offering a fresh and modern aesthetic. Bonus room: An enclosed back porch provides additional space, perfect for a home office or relaxation area. Tenant-paid utilities: Each unit is equipped with washer/dryer hookups, and tenants are responsible for their own utilities, maximizing your investment return. Ample parking: A detached 3 car garage offers secure parking and additional storage space. Investment potential: This property is ideal for investors looking to capitalize on the rental market, or for those seeking a home with income potential. With tenants paying utilities and the property's strategic location, you can expect a steady cash flow and potential appreciation over time. Location benefits: South Shore is a dynamic community known for its cultural diversity and proximity to Lake Michigan. Residents enjoy easy access to public transportation, parks, and local amenities, making it a desirable location for renters and homeowners alike. Do not miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Whether you are looking to expand your investment portfolio or find a home that pays for itself, this property is a must-see.

Location

State IL

County Cook

Community Curbs, Gated, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Full, Walkout

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 3.0

View Y/N true

Roof Type Rubber

Building

Lot Description Common Grounds, Fenced Yard

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

Middle Schools Bradwell Comm Arts & Sci Element

High Schools South Shore Community Academy Se

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Carl Johnson • Century 21 S.G.R., Inc.
Bought with Robert Teverbaugh • Century 21 Circle

Nicole Van Haverbeke

Advisor | License ID: 475.159223

+1(312) 608-1254

GET MORE INFORMATION

7640 S Phillips Avenue Chicago, IL 60649

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7640 S Phillips Avenue