7531 S Phillips Avenue, CHICAGO IL 60649 Photo 1 7531 S Phillips Avenue, CHICAGO IL 60649 Photo 2 7531 S Phillips Avenue, CHICAGO IL 60649 Photo 3 7531 S Phillips Avenue, CHICAGO IL 60649 Photo 4 7531 S Phillips Avenue, CHICAGO IL 60649 Photo 5 7531 S Phillips Avenue, CHICAGO IL 60649 Photo 6
Listing Courtesy of Publix Realty, Inc.

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7531 S Phillips Avenue - We are proud to offer this worry free investment that consists of 3 units that offer 3 bedrooms and 1 bath in each unit. The building was completely renovated in 2003 which included new individual furnaces, new copper piping, new electrical wiring and panels, new kitchens, new bathroom fixtures, new separate hot water tanks per unit, and a new coat on the roof. Everything is in good shape still and there has been long term tenants in place since that renovation. The units have been well kept and the property manager in place is outstanding in making sure everything is running smoothly. 24 hour notice required for all showings and only one unit and the basement will be shown for the initial walkthrough. All units accessible upon an accepted contract.

Listing information

  • MLS® ID: 09571238
  • Beds: 9
  • Stories: 0
  • Foreclosure: No
  • Estimated Annual Taxes: $3,553
  • Style: 3 Flat
  • Status: Active
  • Parking Type Description: None 0 cars
  • Lot Area: 0.09
  • County: Cook
  • Year Built: 1923
  • Total Rooms: 18
  • New Construction: No
  • Lot Size: 30 X 124

Features

Age 91-100 Years
Appliances/Features Unit 1 Refrigerator, Stove
Appliances/Features Unit 2 Refrigerator, Stove
Appliances/Features Unit 3 Refrigerator, Stove
Area CHI - South Shore
Basement Full
Basement Description Unfinished
Built Before 1978 (Y/N) Yes
Exterior Building Type Brick
General Information None
Heat/Fuel Gas
Lot Size Less Than .25 Acre
Other # Full Baths in Building - 3, # Full Baths-Unit 1 - 1, # Full Baths-Unit 2 - 1, # Full Baths-Unit 3 - 1, # Half Baths in Building - 0, # Half Baths-Unit 1 - 0, # Half Baths-Unit 2 - 0, # Half Baths-Unit 3 - 0, # Of Bdrms - Unit 1 - 3, # Of Bdrms - Unit 2 - 3, # Of Bdrms - Unit 3 - 3, # Of Rooms - Unit 1 - 6, # Of Rooms - Unit 2 - 6, # Of Rooms - Unit 3 - 6, Bedrooms (Below Grade) - 0, Floor # - Unit 1 - 1, Floor # - Unit 2 - 2, Floor # - Unit 3 - 3, Gross Expenses $ - 9486, Gross Rental Income $ - 32820, Net Oper Income $ - 23334, Special Service Area - N, Tax Year - 2015, Total # Units in Building - 3, Total Full/Half Baths - 0, Township - Hyde Park, Zoning Type - Multi
Other Addl Income Coin Laundry
Ownership Fee Simple
Parking None
Possession Closing
Property Type Two to Four Units
Recent Rehab (Y/N) Yes
Sale Terms Cash Only, Conventional, FHA
Sewer Sewer-Public
Special Assessments U
Tenant Pays - Unit 1 Electric, Gas, Heat
Tenant Pays - Unit 2 Electric, Gas, Heat
Tenant Pays - Unit 3 Electric, Gas, Heat
Type-Multi 3 Flat
Virtual Tour None
Water Lake Michigan
Waterfront (Y/N) No
Listing Courtesy of Publix Realty, Inc.