7925 S Phillips Avenue

CHICAGO, Illinois 60617

Closed / MLS #9071424 / Multiple Family / The Bush

Listing information updated 2/1/2016 at 12:59am

AMAZING OPPORTUNITY TO OWN AN OPERATING 26 UNIT BUILDING AT A TRUE 17% CAP RATE. THIS 26 UNIT BUILDING FEATURES 13 ONE BEDROOM UNITS ,13 LARGE STUDIOS , AND 26 PARKING SPACES. LANDLORD PAID HEAT AND COOKING GAS KEEPS THIS UNIQUE PROPERTY AT OVER 95% OCCUPANCY WITH MANY LONG TERM TENANTS. NOI $86,000 WITH NUMBERS RAN AT 20% VACANCY. THIS IS THE BEST DEAL ON THE MARKET IN THE SOUTH SHORE AREA!

Full Features

Exterior Type:

Brick

Square Feet:

N/A

Built:

1960

Parking Spaces:

Stories:

Zoning:

MULTI

Current Net Income:

$86,870

Unit 1:

3 room(s) / 1 bed(s) / 1 bath(s)

Unit 2:

2 room(s) / 0 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$11,196

Tax Year:

N/A

Location

Zip Code:

60617

City:

Chicago

County:

Cook

Listing Office: Chicago Real Estate Resources

Listing Office Phone: 773.327.9300

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 2/1/2016 at 12:59am. 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.

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7925 S Phillips Avenue is a multiple family which sold for $450,000. This multiple family has been listed on @properties since October 23rd, 2015 and was built in 1960. The nearest transit stops include Windsor Park Metra Metra Metra Electric South Chicago Branch line.