615 Frances Street
Phoenix, IL, 60426
$149,900
8 Beds
4 Baths
0 SqFt
0.07 Acres
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MLS #MRD12463986 image #0
Financing Fell through at the last minute. Perfect opportunity for investors. Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there’s plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you’re looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community.

Property Details

Price:
$149,900
MLS #:
MRD12463986
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
phoenix
Listed Date:
Sep 4, 2025
PhoenixPhoenixMadison SchoolCoolidge Middle SchoolThornton Township High School

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Schools

School District:
205
Elementary School:
Madison School
Middle School:
Coolidge Middle School
High School:
Thornton Township High School

Interior

Heating
Steam

Exterior

Community Features
Park, Street Paved
Construction Materials
Vinyl Siding
Parking Features
Unassigned, Off Alley, Off Street, Yes, Owned
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Asphalt

Financial

Tax Year
2024
Taxes
$18,715

Map

Community

Market Summary

Current real estate data for Multi Family in Phoenix as of May 17, 2026
2
Multi Family Listed
291
Avg DOM
$94,950
Avg List Price

Property Summary

    615 Frances Street Phoenix IL is a Multi Family for sale in Phoenix, IL, 60426. It is listed for $149,900

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