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$ 685,000
$ 685,000
Est. payment /mo
Sold on 06/05/2026
7741 S Phillips AVE Chicago, IL 60649
9 Beds
3 Baths
UPDATED:
Key Details
Sold Price $685,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12645351
Sold Date 06/05/26
Bedrooms 9
Year Built 1926
Annual Tax Amount $3,811
Tax Year 2023
Lot Dimensions 3720
Property Sub-Type Two to Four Units
Property Description
Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Forced Air, Steam
Fireplace N
Exterior
Garage Spaces 3.0
Building
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Scott Berg of Berg Properties
Bought with Melanie Giglio of Compass
Bought with Melanie Giglio of Compass
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