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$500,000

7515 S Phillips Avenue
Chicago, Illinois 60649

Closed / MLS #12368959 / Multiple Family / South Shore
Listing information updated 8/13/2025 at 6:03am
Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!
Water Front:
No
Square Feet:
N/A
Built:
1921
Cooling System:
Window Unit(s)
Stories:
3
Current Net Income:
$48,622
Unit 1:
7 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$4,569
Tax Year:
2023
Zip Code:
60649
City:
Chicago
County:
Cook

Listing Office: eXp Realty

Listing Office Phone: 888.574.9405

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/13/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

South Shore

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Metra

Metra
Metra Electric South Chicago Branch line at Windsor Park Metra
$231,495
Average Sale Price
117
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 7515 S Phillips Avenue, Chicago, IL 60649
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7515 S Phillips Avenue, Chicago, IL 60649 is a multiple family which sold for $500,000. This multiple family has been listed on @properties Christie's International Real Estate since May 19th, 2025 and was built in 1921. The nearest transit stops include Windsor Park Metra Metra Metra Electric South Chicago Branch line.

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