28 days on rocket

Backup Offers

7640 S Phillips Ave, Chicago, IL, 60649

$435,000

Home List Price

$5,166*

Closing Credit

9 Bedrooms
5 Baths
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7640 S Phillips Ave, Chicago$435,000

Buyer Closing Credits

$5,166*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
Garage3 spaces
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
WaterfrontFencing
MLS #12196509
Lot Size0.11 Acres
StatusAccepting Backup Offers
(Contingent)

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

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
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

7640 S Phillips Ave vs Chicago

28 DAYS ON ROCKET

-4 Days

$435,000

+$74.6K More

KEY TAKEAWAY

This property is $74.6K 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.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
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: 11/23/2024, 8:15:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,239

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,371

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-849465
5
/10

  • Hoyne Elementary School

  • 8905 S Crandon Ave

  • 1.57 miles

  • Public District Grades KG-6

school-card-donut-849466
7
/10

  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 1.93 miles

  • Public District Grades PK-6

school-card-donut-849467
7
/10

  • McDowell Elementary School

  • 1419 E 89th St

  • 2.03 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,286. Most Chicago, IL residents have annual incomes between $35k-100k. 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 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?

Accepting Backup Offers: 7640 S Phillips Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

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.

While more than 539 listings in Chicago, IL in October 2024 were sold above asking price, there were more than 337 listings sold at asking price, and more than 919 were sold below. The number of homes for sale in Chicago, IL increased by 14.5% between September 2024 and October 2024. Listings spent 32 days on the market in October 2024, and had a median list price of $360,336 during the same period.

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

More Resources