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7925 S Phillips Avenue

Chicago, Illinois 60617


D. Waveland Kendt
312.330.3321

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$450,000



Property Type
Multiple Family
Neighborhood
South Chicago


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
Pool: No
Square Feet: N/A
Tax Amount: $11,196
Built: 1960
Parking Spaces: 26
Stories: 2
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)
School District(s): No Data Available


Taxes & Assessments
Taxes: $11,196


Listing Office: Chicago Real Estate Resources

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South Chicago

South Chicago is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including…

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Nearby Public Transportation

Metra
Metra Electric South Chicago Branch, Metra Electric Main Branch, South Shore

at Windsor Park Metra (0.59 miles away), Grand Crossing Metra, 63rd Street







7925 S Phillips Avenue Chicago, Illinois 60617 is a multiple family property, which sold for $450,000. Want to learn more about 7925 S Phillips Avenue Chicago, Illinois 60617? Contact an @properties agent to request more info.


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