$685,000

Est. payment - /mo

9 Beds

3 Baths

UPDATED:

Key Details

Sold Price $685,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12645351

Bedrooms 9

Year Built 1926

Annual Tax Amount $3,811

Tax Year 2023

Property Sub-Type Two to Four Units

Property Description

Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Interior

Heating Forced Air, Steam

Exterior

Garage Spaces 3.0

Building

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Special Listing Condition None

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Listed by Scott Berg of Berg Properties
Bought with Melanie Giglio of Compass

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NEARBY SCHOOL & BUSINESS

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Angela Ketelsen

+1(815) 980-0144

Agent | License ID: 475192585

Agent License ID: 475192585

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7741 S Phillips AVE Chicago, IL 60649