$750,000
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8016 S Phillips AVE Chicago, IL 60617
8,276 Sqft Lot
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11374281
Sold Date 08/19/22
Maintenance Fees $1,000
Year Built 1931
Annual Tax Amount $4,513
Tax Year 2020
Lot Size 8,276 Sqft
Lot Dimensions 70 X 125
Property Sub-Type Multi Family 5+
Property Description
The best & easiest investment in Chicago! Start making cash on Day 1. Each unit is 3 bed/2 bath, designed to maximize the rental income. Building is fully rented. Rents are at the top of the market, & the building is fully occupied. All the work has been done. Each unit has its own furnace with forced gas heat. Each unit has its own elec/gas meter. New roof, windows, tuckpointing, exterior stairs, & electrical. Perfect for even the most conservative investor. Get in on the ground floor of this fast-moving area. The total square footage for each apartment is about 1,300. The basement is ready to be finished off for another rental, or coin laundry for added cash flow. Out back is a great detached brick 4 car garage. Close proximity to the Obama Center, University of Chicago, Lake Michigan, & downtown. This building is perfect for your buyer. Nothing to do on this property except sit back & watch your investment grow.
Location
State IL
County Cook
Area Chi - South Chicago
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry
Interior
Fireplace N
Building
Structure Type Brick
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Avian Hancock of Worth Clark Realty
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