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7424 S Phillips Ave, Chicago, IL, 60649

$324,999

Home List Price

$3,859*

Closing Credit

11 Bedrooms
4 Baths
House

Location

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7424 S Phillips Ave, Chicago$324,999

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1913
HeatingNatural Gas
BasementYes
MLS #12064767
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Contingent)

About 7424 S Phillips Ave

Looking for an investment property? Here is a 3 unit with a duplex down in the South Shore Neighborhood. All units are rented. There is a total of 11 bedrooms in the building and have all been rented out individually. Each unit has their own hot water tank, heat and gas. 1st Floor unit has 5 beds and 1 bath with a duplex down, featuring a kitchen on both floors. The 2nd & 3rd floors both have 3 beds 1 bath. Easy access to DuSable Lake Shore Drive & many restaurants, beach and shopping. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1913

Listing Office:

  • Office Name: Keller Williams Preferred Rlty
  • Office Phone: (708) 798-1111
  • Listing Agent: Frank Montro

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 11

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: 75th Street then North to 74th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,999

Tax Information:

  • Annual Amount: $4,381
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

7424 S Phillips Ave vs Chicago

185 DAYS ON ROCKET

+153 Days

$324,999

-$35.3K Less

KEY TAKEAWAY

This property is $35.3K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12064767

Listing Office:

  • Office Name: Keller Williams Preferred Rlty
  • Office Phone: (708) 798-1111
  • Listing Agent: Frank Montro

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 6:15:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 02, 2016Home Sold
$262,000
Dec 15, 2009Home Sold
$53,000
Feb 19, 1999Home Sold
$115,001

Tax History

YEARPROP. TAXASSESSMENT
2019$4,381$21,803
2018$4,306$21,803
2017$4,062$18,873

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1203477
7
/10
  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 1.80 miles

  • Public District Grades PK-6

school-card-donut-1203478
5
/10
  • Hoyne Elementary School

  • 8905 S Crandon Ave

  • 1.84 miles

  • Public District Grades KG-6

school-card-donut-1203479
7
/10
  • McDowell Elementary School

  • 1419 E 89th St

  • 2.27 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,111. Typical income of Chicago, IL residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7424 S Phillips Ave

What is the listing price of this property?

The listing price of 7424 S Phillips Ave property is $324,999.

What type of property is this?

The property 7424 S Phillips Ave is a house located in Chicago, Illinois, 60649.

Is this property for sale now?

Accepting Backup Offers: 7424 S Phillips Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $4,381 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 2, 2016 for $262,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7424 S Phillips Ave has 11 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 7424 S Phillips Ave is 1913.

Rocket HomesIllinoisCook CountyChicago606497424 S Phillips Ave

This home is located at 7424 S Phillips Ave in Chicago, IL and zip code 60649 in the South Shore neighborhood. This home, which was built in 1913, sits on a 0.14 acre lot. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 23, 2024 and is currently priced at $324,999.

Chicago, IL housing market in October 2024 saw over 539 listings sold above listed price, more than 337 sold at listed price and over 919 sold below. The inventory of homes for sale in Chicago, IL between September 2024 and October 2024 increased by 14.5%. While the average time on the market in October 2024 was 32 days, the median list price was $360,336.

From Rocket Homes Real Estate and based on county public records data.

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