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7648 S Phillips Ave
Chicago, IL 60649 South Shore

$2,149,000 USD

Apartments For Sale  •  27,693 SF

Property Details

  • Property Type Apartments
  • Total Building Size 27,693 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1925
  • Zoning RT-4
50 Transit Score
70 Walk Score

Highlights

$69K/Unit
Stabilized, Cash-Flowing Asset, Investor can Achieve 10.6% Cap Returns on Day One
Opportunity to Add Value by Increasing Below Market Rents
Majority of the Units Are Section 8 Tenants
Close Proximity to Obama Presidential Library and Future PsiQuantum Computing Campus

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Windsor Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 10 min 0.6 mi
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 24 min - 12.2 mi
Chicago O'Hare International 45 min - 28.3 mi
Robert Berman 312-610-1706 Nara Realty Advisors
Robert Berman 312-610-1706 Nara Realty Advisors