7756 S Phillips Avenue, CHICAGO IL 60649 Photo 1 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 2 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 3 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 4 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 5 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 6 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 7 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 8 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 9 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 10 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 11 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 12 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 13 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 14 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 15 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 16 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 17 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 18 7756 S Phillips Avenue, CHICAGO IL 60649 Photo 19
Listing Courtesy of Sperry Van Ness

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7756 S Phillips Avenue - Great opportunity to pick up a South Shore gem consisting 13 units with a very desirable unit mix: (6) 2bd 1ba, (4) 3bd 1ba, & (3) 3bd 1.5ba where six of the 3bd units just underwent a kitchen & bathroom update, units have all been repainted and floors re-finished. Capital improvements include: boiler (2005), electric (600 amps service), some copper risers replaced in 2015, and new hot water tank (2014; 97 gal.). Offering Memorandum available upon request or visit the "Additional Information" link to download the OM with the full financial analysis; feel free to call Listing Agent with any questions.

Listing information

  • MLS® ID: 09295211
  • Status: Active with Contingency
  • New Construction: No
  • Lot Size: 57 X 124
  • Style: Multi-Family
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $6,633
  • Year Built: 1926
  • Parking Type Description: None 0 cars
  • Lot Area: 0.18
  • County: Cook

Features

Air Conditioning None
Approximate Age Older
Backup Info Backup Package
Built Before 1978 (Y/N) Yes
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Residential-Multi-Family
Electrical Service 201-600 Amps
Exterior Building Type Brick
Fire Protection 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
Information 24-Hr Notice Required
Known Encumbrances None Known
Misc Outside Security Gate, Security Lighting, Storms and Screens (as exist)
Other # Of Units - 13, Electricity Expense - 1848, Expense Year - 2015, Fuel Expense - 11047, Gross Rent Multiplier - 4.57, Gross Rental Income $ - 12888, Insurance Expense - 3085, Janitor Expense - 1625, Net Oper Income $ - 64808, Net Operating Income Year - 2016, Other Expenses - 14047, Repairs-Decor Expense - 3250, Scavenger Expense - 1080, Tax Year - 2014, Total Annual Exp - 44790, Total Annual Income - 109548, Total Monthly Income - 10740, Township - Hyde Park, Water Expense - 2175, Zoning Type - Multi
Owners Assoc (Y/N) No
Ownership Type Individual
Potential Use Commercial, Residential-Multi-Family
Property Type Multi Family 5+
Roof Coverings Membrane, Other, Rubber
Roof Structure Flat
Tenant Pays Electric, Other
Type Multi-Family Flats
Listing Courtesy of Sperry Van Ness