7400 S Phillips Avenue presents a prime 15-unit multifamily opportunity in Chicago’s South Shore neighborhood, offering an attractive unit mix and strong in-place income. The building features 4 spacious 4-bed/2-bath units, 3 large 3-bed/1-bath units, and 8 well-appointed 2-bed/1-bath apartments, catering to families and working professionals seeking quality housing near the lakefront and public transit. The property is supported by individually metered utilities, with each unit equipped with its own furnace, water heater, and electrical panel, along with major mechanical improvements and copper plumbing throughout. With three additional units roughed-in and permits in place, the asset offers clear upside through completion and rent growth