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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 600,000

Est. payment | -/mo

11 Beds

7 Baths

Save

$ 600,000

Est. payment | -/mo

Save

11 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12660519

Bedrooms 11

Year Built 1923

Annual Tax Amount $3,109

Tax Year 2023

Lot Dimensions 3720

Property Sub-Type Two to Four Units

Property Description

Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2500 per month for each of the three above-grade units, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.

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 2.0

Building

Dwelling Type Two to Four Units

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

Listed by Colleen Berg of Berg Properties

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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7732 S Phillips AVE Chicago, IL 60649