7608 - 10 S Phillips Avenue
Chicago, IL 60649

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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.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60649
• Year Built: 1925
• Sq.Ft.: 10,236 sq ft
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Approximate Age: Older
• Building Area Total: 10236
• Building Unit Info: No Units Furnished
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: Yates Blvd to 76th St, east one street to Phillips Ave, then south to address
• Electric: Circuit Breakers
• Heat/Ventilation: Forced Air, Gas, Individual Furnaces
• Indoor Parking: 1-5 Spaces
• Information: Show-Lock Box, Show-Special Instructions, Other-See Remarks, Court Approval Required, City, Mold DISCL, 3rd Party Approval
• Location: Free Standing/Urban, In City Limits
• Lot Size Square Feet: 6572
• Main Type: Commercial Sale
• Roof Structure: Flat
• Tax Annual Amount: 99999
• Tax Year: 2023
• Type Multi-Family: Corridor-Exterior Entrance
• Water Source: Municipal Water