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. Property Highlights: Unit Mix: (4) 4-bed/2-bath, (3) 3-bed/1-bath, (8) 2-bed/1-bath Individual Utilities: Each unit equipped with its own furnace, water heater, and electrical panel Turnkey Systems: Major mechanicals completed; copper plumbing throughout Upside Potential: Three units remain unfinished but are fully roughed-in with permits—allowing an investor to quickly add value and increase NOI Positive Cash Flow: Immediate income from occupied units with opportunity to push rents through light renovations and leasing strategy High-Demand Layouts: Larger bedroom configurations attract long-term tenants and premium rents