new - 6 days on rocket

7640 S Phillips Ave, Chicago, IL, 60649

$435,000

Home List Price

$5,166*

Closing Credit

9 Bedrooms
5 Baths
House

Location

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7640 S Phillips Ave, Chicago$435,000

Buyer Closing Credits

$5,166*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage3 spaces
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
WaterfrontFencing
MLS #12196509
Lot Size0.11 Acres
StatusActive

About 7640 S Phillips Ave

Discover a unique investment opportunity in Chicago's South Shore! Are you searching for a prime investment opportunity in one of Chicago's vibrant neighborhoods? Look no further than this jumbo-sized, 3-unit building located in the heart of South Shore. This property is not just a place to live; it is a strategic investment with features that cater to both owner-occupiers and savvy investors. Spacious units: Each unit boasts generous bedroom sizes, perfect for comfortable living. Modern amenities: Enjoy the convenience of central heat and air conditioning, with 2020 AC units ensuring efficiency and comfort. Recent upgrades: The building features a newer roof installed in 2019, garage roof in 2019, along with tuckpointing, gutters, and downspouts completed in 2019, ensuring durability and reduced maintenance costs. Hardwood floors and fresh paint: All units are adorned with beautiful hardwood floors and have been recently painted, offering a fresh and modern aesthetic. Bonus room: An enclosed back porch provides additional space, perfect for a home office or relaxation area. Tenant-paid utilities: Each unit is equipped with washer/dryer hookups, and tenants are responsible for their own utilities, maximizing your investment return. Ample parking: A detached 3 car garage offers secure parking and additional storage space. Investment potential: This property is ideal for investors looking to capitalize on the rental market, or for those seeking a home with income potential. With tenants paying utilities and the property's strategic location, you can expect a steady cash flow and potential appreciation over time. Location benefits: South Shore is a dynamic community known for its cultural diversity and proximity to Lake Michigan. Residents enjoy easy access to public transportation, parks, and local amenities, making it a desirable location for renters and homeowners alike. Do not miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Whether you are looking to expand your investment portfolio or find a home that pays for itself, this property is a must-see.

Property Details

Property Features

Property Information:

  • Architectural Style: American 4-Sq.
  • Year Built: 1926

Listing Office:

  • Office Name: Century 21 S.G.R., Inc.
  • Office Phone: (312) 455-1322
  • Listing Agent: Carl Johnson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: Fencing

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Fencing
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Chicago Vocational Career Academy High School, Public District Grades 9-11
  • Bradwell Communications Arts and Sciences Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: east/west on 75th St to Phillips, 1-way south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $435,000
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Housing Market Comparison

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

Med. Sold Price

$358.8K

Med. Price/SqFt

$259

Avg. Days On Market

30

# of Sold Homes

1710

7640 S Phillips Ave vs Chicago

6 DAYS ON ROCKET

-24 Days

$435,000

+$76.1K More

KEY TAKEAWAY

This property is $76.1K more 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: #12196509

Listing Office:

  • Office Name: Century 21 S.G.R., Inc.
  • Office Phone: (312) 455-1322
  • Listing Agent: Carl Johnson

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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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: 11/1/2024, 12:45:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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.

Elementary School

school-card-donut-968795
3
/10
  • Bradwell Communications Arts and Sciences Elementary School

  • 7736 S Burnham Ave

  • 0.40 miles

  • Public District Grades KG-8

High School

school-card-donut-968796
1
/10
  • Chicago Vocational Career Academy High School

  • 2100 E 87th St

  • 1.26 miles

  • Public District Grades 9-11

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,286. Typical income of Chicago, IL residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7640 S Phillips Ave

What is the listing price of this property?

The listing price of 7640 S Phillips Ave property is $435,000.

What type of property is this?

The property 7640 S Phillips Ave is a house located in Chicago, Illinois, 60649.

Is this property for sale now?

Active Listing: 7640 S Phillips Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7640 S Phillips Ave are:
Bradwell Communications Arts and Sciences Elementary School: GreatSchools Rating 3/10
Chicago Vocational Career Academy High School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 7640 S Phillips Ave has 9 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 7640 S Phillips Ave is 1926.

Rocket Homes›Illinois›Cook County›Chicago›60649›7640 S Phillips Ave

This home is located at 7640 S Phillips Ave in Chicago, IL and zip code 60649 in the South Shore neighborhood. This home, which was built in 1926, sits on a 0.11 acre lot. Features: 9 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $435,000.

In September 2024 more than 575 listings in Chicago, IL were sold above the asking price. During the same period more than 308 listings were sold at asking price, while more than 826 were sold below. The inventory of homes for sale in Chicago, IL between August 2024 and September 2024 increased by 12.6%. While the average time on the market in September 2024 was 30 days, the median list price was $358,841.

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

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