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Listed by Danica Matosof Smart Home Realty
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Est. payment /mo
Open Sun 12PM-2PM
8010 S Phillips AVE Chicago, IL 60617
9 Beds
Open House
Sun Aug 30, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12740698
Bedrooms 9
Year Built 1926
Annual Tax Amount $7,226
Tax Year 2024
Lot Dimensions 35X125
Property Sub-Type Two to Four Units
Property Description
TURNKEY + VALUE-ADD opportunity in South Shore! This LEGAL 4-UNIT offers a rare combination of immediate rental potential and room to create additional income. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals and are VACANT and ready to lease at current market rents-allowing the next owner to select their own tenants and build their rent roll from day one. The legal 4th garden unit is a 1-bedroom, 1-bath and offers the opportunity to complete the remaining improvements and unlock even more rental income. Even better, the three completed units are positioned to support the property's overhead while the final unit is completed. A 3-car garage and the opportunity for additional income through garage parking and coin laundry in basement common area. An excellent opportunity for an investor or owner-occupant looking for a renovated multi-unit with multiple income streams and additional upside. Sold as-is
Location
State IL
County Cook
Community Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N true
Roof Type Asphalt
Building
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
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