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About This Home

This 11-bedroom, 7-bathroom residential multi family at 7732 S Phillips Avenue in Chicago, IL is listed for $700,000. Built in 1923, on a N/A lot.

Agent Description

Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout.

The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes.

Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market.

With projected rental income of approximately $2,300 per month for each of the three above-grade units and an estimated $1,800 per month for the finished garden unit, the property offers potential gross rental income of approximately $8,700 per month, creating exceptional cash-flow potential in a rapidly appreciating area.

Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.

Key Features

  • Built in 1923
  • 2 parking spaces

Property Details

7 full
2 spaces
1923

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

7732 S Phillips Avenue

Chicago, IL 60649

Property Details

Construction

Brick

Parking

OpenGarage

Heating

Forced AirSteam

Questions & Answers

This 11-bedroom, 7-bathroom residential multi family at 7732 S Phillips Avenue is listed at $700,000. The estimated monthly payment is $3,033 based on 20% down at 6.5% interest.

Key features include: Built in 1923, 2 parking spaces.

This property is listed by Colleen Berg and can be reached at (708) 763-8674 or cberg@bergproperties.com.

CB

Colleen Berg

Agent at Berg Properties

(708) 763-8674

Listed by Berg Properties · View on Broker Site

MLS# 12660519· Source: listhub· Updated 23 days ago

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7732 S Phillips Avenue, Chicago, IL 60649

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