Listing provided courtesy of Fulton Grace RealtyMREDas Distributed by MLSGrid- MLS# 12560835
Images
Request Info7751 S Phillips AvenueChicago, IL 60649
Multi-Family · 7 Beds$415,000
Active
7751 S Phillips Avenue Overview
- Time on Site:
- 146 days
- Visits:
- 0
Attention investors and house hackers, this South Chicago 3-flat checks every box. 7751 S. Phillips Ave offers immediate cash flow with serious value-add upside in one well-maintained package. The building features three income-producing units: two 2-bedroom/1-bath units currently leased at $1,300/month and one spacious 3-bedroom/1-bath unit at $1,500/month, generating $4,100/month and $49,200 annually in rental income at a 7.7 cap rate. The real opportunity is in the unfinished basement. With the right build-out, this space can be converted into an additional 1- or 2-bedroom unit, pushing total monthly rents to $5,100-$5,300 and stabilized property value well north of $550,000, a potential $130,000+ in forced equity for the right buyer. Whether you're an experienced investor looking to add a cash-flowing asset to your portfolio, or an owner-occupant ready to live in one unit while the other two cover your mortgage, 7751 S. Phillips delivers. Strong existing tenants, proven rents, and a clear path to increased value make this a rare find at this price point.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
7751 S Phillips Avenue Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 299
Building Information
- New Construction: No
- Year Built: 1923
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - South Shore
- Township: Hyde Park
Tax Information
- Tax Annual Amount: $3,388.00
- Tax Year: 2023
General Information
- Ownership: Fee Simple
- Parcel Number: 21303190150000
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 1
Beds/Baths
- Bathrooms Total: 4
- Bedrooms Total: 7
- Bedrooms Possible: 7
- Full Baths Building: 3
General Information
- Basement: Unfinished, Full, Walk-Out Access
- Heating: Radiant, Radiator(s)
- Rooms Total: 17
Exterior
Parking Information
- Parking Features: Off Alley, Alley Access, Yes, Owned
- Parking Total: 3
Lot Information
- Lot Size Dimensions: 25x125
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 0
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 1400
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 0
- Beds Total: 3
- Baths Total: 1
7751 S Phillips Avenue Neighborhood
Community
60649 (Chicago) Demographics
38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7751 S Phillips Avenue Monthly Cost
7751 S Phillips Avenue Market Data
Based on the last 30 days in this zip code
$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
7751 S Phillips Avenue History
| Date | Value | Agent |
|---|---|---|
| 3/25/2026Source: MRED | Active |
|
| 3/20/2026Source: MRED | $415,000 -1.2% |
|
| 3/20/2026Source: MRED | Price Change |
|
| 2/8/2026Source: MRED | Active |
|
| 2/3/2026Source: MRED | February 03, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |