Courtesy of Century 21 S.G.R., Inc.

8016 S Phillips Avenue

Chicago, IL, 60617

$799,000

$799,000
Active Under Contract
Active Under Contract
 - For Sale
property_type
Commercial
calendar
Built 1931
The best & easiest investment in Chicago! Start making cash on Day 1. Each unit is 3 bed/2 bath, designed to maximize the rental income. Building is fully rented. Rents are at the top of the market, & the building is fully occupied. All the work has been done. Each unit has its own furnace with forced gas heat. Each unit has its own elec/gas meter. New roof, windows, tuckpointing, exterior stairs, & electrical. Perfect for even the most conservative investor. Get in on the ground floor of this fast-moving area. The total square footage for each apartment is about 1,300. The basement is ready to be finished off for another rental, or coin laundry for added cash flow. Out back is a great detached brick 4 car garage. Close proximity to the Obama Center, University of Chicago, Lake Michigan, & downtown. This building is perfect for your buyer. Nothing to do on this property except sit back & watch your investment grow.
MLS® ID:
11374281
Listed:
4/12/22
Updated:
8/19/22

Exterior/Building Features

Lot Size
8,276 ft² lot

Other Property Details

Area Name
CHI - South Chicago
Taxes
$4513.99
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
4.0
View
N
County
Cook
Pool
No
Total Stories
3
Zoning
MULTI

Property History

Date
Event
Price
Value
7/11/22
Active Under Contract
-
-
6/21/22
Price Change
$799,000
-6%
4/25/22
Active
-
-
4/25/22
Active Under Contract
-
-

 

Courtesy of Century 21 S.G.R., Inc.

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data last updated 12:52 PM UTC, 8/19/22

 

 

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