Address
8010 S Phillips Avenue, Chicago, IL
Price
$ 479,900
Property Attributes
- MLS#12771712
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - South Chicago
- NeighborhoodSouth Chicago
- Zip60617
- Style
- Year Built1926
- Taxes$ 7226
- Price$ 479,900
- Bedrooms9
- Full Bathrooms7
- Half Bathrooms3
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 9/29/2026 | Listed $479,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Forced Air,Sep Heating Systems - 2+ |
| Possession | Closing |
| Roof | Asphalt |
| Zoning | MULTI |
| Garage Spaces | 3 |
| Construction Materials | Brick |
| Year Built | 1926 |
| Township | Lake |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Community Features | Sidewalks,Street Lights,Street Paved |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 18 |
| Status | New |
| Directions | 79th St to Phillips South to 8010 |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - South Chicago |
| Tax Annual Amount | 7226.26 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Unfinished,Exterior Entry,Full,Walk-Out Access |
|---|---|
| Total Bedrooms | 9 |
| Total Baths | 7 |
| Bedrooms Possible | 9 |
| Full Baths Building | 4 |
| Half Baths Building | 3 |
| Total Number of Units | 4 |
Exterior Features
| Parking Features | Yes,Garage Owned,Detached,Garage |
|---|---|
| Water Source | Lake Michigan |
| Total Parking | 3 |
| Lot Dimensions | 35X125 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60617
Price
Taxes
Year Built
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