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8010 S Phillips Avenue, Chicago, IL 60617

Chicago
Local realty services provided by:CENTURY 21 Circle
8010 S Phillips Avenue,Chicago, IL 60617
$489,000
  • 9 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: danica matos
Office: smart home realty
MLS#:12740698
Source:MLSNI

Price summary

  • Price:$489,000

About this home

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...

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Home facts

  • Year built:1926
  • Listing ID #:12740698
  • Updated:September 13, 2026 at 08:06 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:7
  • Full bathrooms:4
  • Half bathrooms:3
  • Rooms Total:18
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas, Sep Heating Systems - 2+

Structure and exterior

  • Roof:Asphalt
  • Year built:1926

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$489,000
  • Tax amount:$7,226 (2024)

Parking

  • Total parking spaces:3
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:3
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