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7251 S Phillips Avenue, Chicago, IL

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7251 S Phillips Avenue

Chicago, IL 60649-2590 - South Shore MF Submarket

Property Type:Multi-Family Number of Units:36 Status:Existing Year Built:1922
Stories:3 Building Size:32,364 SF Land Area:.37 AC (15,934 SF)
For Sale Price:$1,425,000 Price/Unit:$39,583.33 Cap Rate:10.00 % GRM:5.60


Sale Notes:
36 unit classic Chicago multifamily courtyard Building located in the heart of the South Shore. Mix of studio's (18), one (6) and two bedroom
(12) units. Value add driven through management, increasing rents, leasing remaining units, operations. Current occupancy 50%. Taxes 2014 payable
2015 $14,730.06. Back up package available.

Please call Timothy Keenan ONLY for additional info or to schedule a showing. PROPERTY HIGHLIGHTS include No Violations, Boiler - 4
years old (2012), Newer Hot Water tanks - 2 year (2014), Windows - Newer (2000), Porches - Six new porches (3 porch systems on each side) (2012),
Secured by steal fence surround the entire property, 24 Hour on site maintenance, Tenants pay electric and cooking gas, Value add in leasing remaining
units, operations, management. AREA HIGHLIGHTS include Close to public transportation and Walking distance to the lake.

Chicago Real Estate Resources
Timothy Keenan
(312) 228-4697

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