7600 S Phillips Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,050,000 USD
773-615-2626
7600 S Phillips Ave, Chicago, IL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/14
null | 8.58% Cap Rate

7600 S Phillips Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • 14 total units in South Shore
  • Unit mix: 1 one-bed, 8 two-bed, and 5 three-bed units
  • Strong tenant appeal for larger layouts
  • Cash-flowing property with stable income
  • Located near transit and lakefront amenities
  • Opportunity for continued rental growth upside

OVERVIEW

7600 S Phillips Avenue offers a compelling 14-unit multifamily investment in Chicago’s South Shore neighborhood, strong fundamentals and long-term upside. The building features a desirable mix of unit layouts, including one one-bedroom unit, eight two-bedroom units, and five three bedroom units, appealing to a broad tenant base seeking spacious housing in a well-established lakefront-adjacent community. The property benefits from its solid operating profile and positioning within one of the South Side’s most enduring multifamily submarkets.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

12

PRICE/UNIT

$87,500

CAP RATE

8.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,935 SF

ZONING

RT-4

APN/PARCEL ID

21-30-307-012-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
773-615-2626

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Brian Mond33 RealtyMore Info
773-615-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.