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$390,000

Est. payment - /mo

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10,236 SqFt

Price Dropped by $30K

7608 - 10 S Phillips AVE Chicago, IL 60649

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 10,236 sqft

Price per Sqft $38

MLS Listing ID 12309243

Year Built 1925

Annual Tax Amount $99,999

Tax Year 2023

Lot Dimensions 50 X 131

Property Sub-Type Multi Family 5+

Property Description

AN ADDITIONAL $30,000 PRICE REDUCTION BY SELLER IS IN EFFECT!!! Prime South Shore 6-Unit Investment Opportunity! Located at 7608-10 S Phillips, Chicago, IL 60649, this solid brick 6-unit building has reverted to multifamily rental in ongoing court case offering a fantastic value-add opportunity. Each spacious unit features 3-4 bedrooms, 2 bathrooms, hardwood floors, formal dining rooms and open rear porches, with select units boasting open floor plans. The property includes a full unfinished basement and two garages (one 2-car, one 3-car). Situated in the rapidly developing South Shore neighborhood, it is close to the Obama Presidential Center, Jackson Park, Metra, CTA, and the Lake Michigan. A prime opportunity for investors seeking strong rental income potential in a high-demand area! Sold AS-IS. All offers subject to judicial approval.

Location

State IL

County Cook

Area Chi - South Shore

Rooms

Basement Unfinished

Interior

Cooling None

Fireplace N

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

Others

HOA Fee Include None

Listed by Ronald Branch of RLB Realty Group, Inc.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106