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7751 S Phillips Avenue, Chicago, IL 60649

Chicago
Local realty services provided by:CENTURY 21 All Pro Real Estate
7751 S Phillips Avenue,Chicago, IL 60649
$400,000
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jason marsing
Office: fulton grace realty
MLS#:12560835
Source:MLSNI

Price summary

  • Price:$400,000

About this home

Attention investors and house hackers, this South Chicago 3-flat checks every box. 7751 S. Phillips Ave offers immediate cash flow with serious value-add upside in one well-maintained package. The building features three income-producing units: two 2-bedroom/1-bath units currently leased at $1,300/month and one spacious 3-bedroom/1-bath unit at $1,500/month, generating $4,100/month and $49,200 annually in rental income at a 7.7 cap rate. The real opportunity is in the unfinished basement. With the right build-out, this space can be converted into an additional 1- or 2-bedroom unit, pushing total monthly rents to $5,100-$5,300 and stabilized property value well north of $550,000, a potential $130,000+ in forced equity for the right buyer. Whether you're an experienced investor looking to add a cash-flowing asset to your portfolio, or an owner-occupant ready to live in one unit while the other two cover your mortgage, 7751 S. Phillips delivers. Strong existing tenants, proven rents,...

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Home facts

  • Year built:1923
  • Listing ID #:12560835
  • Updated:September 15, 2026 at 11:10 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Rooms Total:17
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Radiant, Radiator(s)

Structure and exterior

  • Year built:1923

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$400,000
  • Tax amount:$3,388 (2023)

Parking

  • Total parking spaces:3
  • Parking description:Off Alley
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa McKinney

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