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7725 S Phillips Ave, Chicago, IL, 60649

$275,000

Home List Price

$3,266*

Closing Credit

9 Bedrooms
6 Baths
House

Location

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7725 S Phillips Ave, Chicago$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Alley
Year Built1926
HeatingNatural Gas
BasementYes
MLS #12164258
StatusAccepting Backup Offers
(Contingent)

About 7725 S Phillips Ave

Prime Investment Opportunity: Rehab a Three-Story Brick Building in a High-Demand Area! Attention Investors and Developers! Seize the chance to transform this three-story brick building into a lucrative investment. Featuring three spacious apartments, each with 3 bedrooms, 2 baths, an in-unit laundry, a formal dining room, a large living room, and a kitchen, this property offers exceptional potential. With an unfinished basement included, there's an opportunity to add a fourth unit-unstamped plans for the basement unit are available! This rehab project requires all-new finishes, doors, flooring, HVAC, plumbing, and electrical, making it an ideal canvas for investors seeking to customize a property to maximize returns. Located in a sought-after area with limited 3-bedroom, 2-bath units, this building promises strong demand and a high return on investment. Don't miss out on this unique opportunity to capitalize on a rare find. Bring your vision and expertise to create a standout property in a thriving market! Contact us today to learn more and schedule a tour of your next profitable venture!

Property Details

Property Features

Property Information:

  • Year Built: 1926

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Curtis Jones

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Off Alley

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Head south on Yates blvd, turn left (east) on 75th st, turn right (south) on Phillips street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000

Tax Information:

  • Annual Amount: $4,125
  • 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

7725 S Phillips Ave vs Chicago

70 DAYS ON ROCKET

+38 Days

$275,000

-$85.3K Less

KEY TAKEAWAY

This property is $85.3K 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: #12164258

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Curtis Jones

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, 11:45:52 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

Dec 30, 2014Home Sold
$59,000
Nov 18, 2005Home Sold
$375,500
Apr 21, 2005Home Sold
$195,000

Tax History

YEARPROP. TAXASSESSMENT
2019$4,125$20,531
2018$4,055$20,531
2017$4,367$20,290

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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-1263569
5
/10
  • Hoyne Elementary School

  • 8905 S Crandon Ave

  • 1.48 miles

  • Public District Grades KG-6

school-card-donut-1263570
7
/10
  • McDowell Elementary School

  • 1419 E 89th St

  • 1.98 miles

  • Public District Grades KG-5

school-card-donut-1263571
7
/10
  • Woodlawn Elementary Community School

  • 6657 S Kimbark Ave

  • 2.02 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,818. The most common annual income of people living in Chicago, IL is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7725 S Phillips Ave

What is the listing price of this property?

The listing price of 7725 S Phillips Ave property is $275,000.

What type of property is this?

The property 7725 S Phillips Ave is a house located in Chicago, Illinois, 60649.

Is this property for sale now?

Accepting Backup Offers: 7725 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 $4,125 (source: MLS/based on county public records data).

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

The last sale was on December 30, 2014 for $59,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7725 S Phillips Ave has 9 bedrooms and 6 bathrooms.

Which year was this property built?

The year of construction for 7725 S Phillips Ave is 1926.

Rocket Homes›Illinois›Cook County›Chicago›60649›7725 S Phillips Ave

This home is located at 7725 S Phillips Ave in Chicago, IL and zip code 60649 in the South Shore neighborhood. This home was built in 1926. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $275,000.

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. The median list price of listings available in October 2024 was $360,336, while the average time on the real estate market was 32 days.

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

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