TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property’s expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.
Property Details
Price:
$479,900
MLS #:
MRD12771712
Status:
Active
Beds:
9
Baths:
7
Type:
Multi Family
Neighborhood:
chisouthchicago
Listed Date:
Sep 28, 2026
Year Built:
1926
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
3
Parking Total
3
Roof
Asphalt
Financial
Tax Year
2025
Taxes
$7,226
Map
Community
- Address8010 S Phillips Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60617
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 07, 2026
1,345
Multi Family Listed
76
Avg DOM
$530,900
Avg List Price
Property Summary
- 8010 S Phillips Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60617. It is listed for $479,900
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Copyright 2026. All rights reserved.
8010 S Phillips Avenue
Chicago, IL


