8010 S Phillips Avenue,Chicago, IL 60617
Chicago, IL 60617
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.
Details
| MLS # | 12740698 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1926 |
| Days On Site | 14 |
| Listing Provided By | Smart Home Realty | Danica Matos |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 |
| Garage | 3 |
| Basement | Y |
| Zoning | MULTI |
Interior
| Rooms Total | 18 |
|---|---|
| Heating | Natural Gas, Forced Air, Sep Heating Systems - 2+ |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick |
Parking
| Parking Features | Yes, Garage Owned, Detached, Garage |
|---|---|
| Garage Spaces | 3 |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks, Street Lights, Street Paved |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 7226.26 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $489,000 low | high Med: $207,500 On site: 14 low | high Med: 165.5 | |
Market Activity 60617
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $489,000 low | high Med: $207,500 On site: 14 low | high Med: 165.5 | |
