This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!
Property Details
Price:
$600,000
MLS #:
MRD12737828
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Aug 19, 2026
Year Built:
1925
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+
Exterior
Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Detached, Garage
Parking Spots
3
Parking Total
3
Financial
Tax Year
2025
Taxes
$7,103
Map
Community
- Address7641 S Phillips Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 09, 2026
1,358
Multi Family Listed
75
Avg DOM
$525,511
Avg List Price
Property Summary
- 7641 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $600,000
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Copyright 2026. All rights reserved.
7641 S Phillips Avenue
Chicago, IL


