7627 S Phillips Avenue

Chicago, IL
$ 450,000 Beds 3 Baths 0
Monthly Estimate* How much can I afford?

Welcome to Chicago's famous South Shore neighborhood! South Shore is one of hottest neighborhoods for investors in the entire nation! This beautiful 6-unit cash flow machine has plenty of upside and includes a bonus garden apartment for a total of 7 units! This building also includes a brick 6-car garage! Each unit has 2 bedrooms and 1 bath, the garden apartment is 1 bed, 1 bath. Each 2-bedroom unit can rent for up to $1,300 per month for CHA/Section 8 voucher holders and the garden apartment can rent for up to $1,145 per month for CHA/Section 8 voucher holders, that's $8,945 per month in total monthly rental revenue! Plenty of equity available at this purchase price for improvements. Based on renovated comparable sales from the past 12 months the After-Repair-Value of this property is approximately $527,000! 6 of the 7 units are occupied. This building has been poorly managed. For the right buyer with experience and the right execution strategy this is a true winner! Please act swiftly as this opportunity will not last long! Only available to show during announced showing times. Updated rent roll available in documents. Property is located in an Opportunity Zone! Owner is also looking to sell another 6-unit located at 7425 S Kingston Ave, Chicago IL 60649.

Multi-Family

  • Price
  • $ 450,000
  • Lot Size
  • 6,970 SqFt
  • Bedrooms
  • 3
  • Full Bathrooms
  • 0
  • Year Built
  • 1914
  • Half Bathrooms
  • 0
  • City, Zip
  • Chicago
  • Taxes
  • 4865
  • County
  • COOK
  • Style
  • Multi-Family
  • Area
  • CHI - South Shore
  • MLS#
  • 10936115
  • Zip
  • 60649
Listing Provided by: Straight-A Realty, LLC

Features

General

Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active
Zoning MULTI

Interior Features

Basement Slab

Exterior Features

Exterior Brick
Lot Dimensions 58X124

Room Details

Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Niles, IL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/18/2020 Listed $450,000

Property vs Zip Code Average in 60649

Price
AVG $530K
$450K
Taxes
AVG $6,417
$4,865
Visits
AVG 159
31
Year Built
AVG 1933
1914
Walkscore
AVG 71
68
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

7627 S Phillips Avenue Chicago, IL is a Single Family Home for sale at $450000 and a lot size of 6,970 SqFt Acre(s). 7627 S Phillips Avenue Chicago has 3 bedrooms, 0 baths and was built in 1914. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.