7830 S PHILLIPS Avenue
Chicago, IL 60649

Status: Active Under Contract
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $449,999
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About this home

Come check out this gorgeous all brick building in South Shore featuring three massive 4 bed, 1 bath units and an unfinished basement with high ceilings waiting for your ideas! Each unit showcases hardwood flooring, gorgeous bay windows, central heating, updated kitchens and baths, window treatments, and more. New roof and downspout in 2022. Furnaces and Hot Water Heaters 2016. Four separate electrical panels. All brick garage 3 car garage. Garage doors are not functional. Unit 3 is currently rented below market at $1100/mo and is on a month to month lease. Unit 1 and 2 are currently vacant and listed for $1350/mo so you could live in one unit and have the rents pay your mortgage or rent them all out as a turnkey investment. Located in South Shore with easy access to Lake Michigan, Rainbow Beach/Park, South Shore Beach, Jackson Park/Golf Course, Obama library, and the Cheltenham Metra Stop. Property being sold As Is. 2022 taxes were $4113.65/yr. Photos and floorplans are of unit 1, unit 2, and basement. No floor plan or photos for the 3rd floor due to being tenant occupied.

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 32 X 125
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1924
Parking Total 3
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2016
Virtual Tour (Unbranded) External link
MRD Virtual Tour None
Virtual Tour Date 02/10/2024 11:45 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Shore
Zoning Type MULTI
Corporate Limits Chicago
Directions 79TH STREET EAST OR WEST TO ESSEX WEST 1 BLOCK TO PHILLIPS AVE
Elementary Sch Dist 299
Heat/Fuel Radiator(s)
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 3
Full Baths in Building Count 3
Total Rooms 21
Units
unit 1
Beds Total 4
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1600
unit 2
Beds Total 4
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1600
unit 3
Beds Total 4
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1600

Financials

Gross Rental Income $48,600
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21303250190000
Special Assessments N
Taxes $4,114
Tax Exemptions None
Tax Year 2022
$449,999 Listing Price:
MLS # 11978545
Investment Profile Residential Income
Listing Market Time 64 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 02/26/2024
Year Built 1924
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