7251 S Phillips Avenue, CHICAGO IL 60649 Photo 1 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 2 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 3 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 4 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 5 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 6 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 7 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 8 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 9 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 10 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 11 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 12 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 13 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 14 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 15 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 16 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 17 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 18 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 19 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 20 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 21 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 22 7251 S Phillips Avenue, CHICAGO IL 60649 Photo 23
Listing Courtesy of Chicago Real Estate Resources

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7251 S Phillips Avenue - 36 unit classic Chicago multifamily courtyard Building located in the heart of the South Shore. Mix of studio's (18), one (6) and two bedroom (12) units. Value add driven through management, increasing rents, leasing remaining units, operations. Current occupancy 50%. Taxes 2014 payable 2015 $14,730.06. Back up package available.

Listing information

  • MLS® ID: 09197910
  • Status: Active
  • New Construction: No
  • Lot Size: 70*125
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $14,730
  • Year Built: 1940
  • Parking Type Description: None 0 cars
  • Lot Area: 0.36
  • County: Cook

Features

Air Conditioning None
Approximate Age Older
Backup Info Backup Package, Rent Roll
Built Before 1978 (Y/N) Yes
Construction Brick
Current Use Condominium, Residential-Multi-Family
Electrical Service Circuit Breakers
Exterior Building Type Brick, Stone
Fire Protection Fire Extinguisher/s, Hydrants On Site, Smoke or Fire Protectors
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Central Bldg Heat, Radiators, Steam
Information Listing Agent Must Accompany
Known Encumbrances None Known
Land Amenities Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks
Other # Of Units - 36, Approx Total Bldg Sq Ft - 30,000, Electricity Expense - 1200, Expense Year - 2015, Fuel Expense - 35000, Gross Rent Multiplier - 5.7, Gross Rental Income $ - 30060, Insurance Expense - 13500, Janitor Expense - 4100, Net Oper Income $ - 14304, Net Operating Income Year - 2015, Other Expenses - 7515, Repairs-Decor Expense - 15030, Scavenger Expense - 5100, Tax Year - 2014, Total Annual Exp - 136517, Total Annual Income - 279558, Total Monthly Income - 25050, Township - Hyde Park, Water Expense - 14500, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Individual
Possession Closing
Potential Use Residential-Multi-Family
Property Type Multi Family 5+
Roof Coverings Rubber
Roof Structure Flat
Sale Terms Conventional
Tenant Pays Electric, Other
Type Multi-Family Courtyard
Unincorporated (Y/N) No
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Chicago Real Estate Resources