615 Frances Street
Phoenix, Illinois 60426

Active / MLS #12463986 / Multiple Unit (2-4) / Phoenix
Listing information updated 11/11/2025 at 6:03am
Financing Fell through at the last minute. Perfect opportunity for investors. Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there's plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you're looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community.

Listing Office: Alexander & Associates Realty Group

Listing Office Phone: 708.689.4557

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 11/11/2025 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.


Not quite what you are looking for?

Similar listings for sale near 615 Frances Street, Phoenix, IL 60426


Like the area?

More homes for sale near 615 Frances Street, Phoenix, IL 60426


615 Frances Street, Phoenix, IL 60426 is a multiple unit (2-4) currently listed at $164,900. 615 Frances Street features 8 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since September 4th, 2025. Nearby schools include Madison School, Coolidge Middle School, and Thornton Township High School. The nearest transit stops include Harvey Metra Metra Metra Electric Main Branch line.