7400 S Phillips Avenue, Chicago, IL 60649 | MLS #12625128 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of 33 RealtyMREDas Distributed by MLSGrid- MLS# 12625128MLS Provider

7400 S Phillips AvenueChicago, IL 60649

Commercial · 9 Beds
$975,000 Active

7400 S Phillips Avenue Overview

Time on Site:
42 days
Visits:
0

7400 S Phillips Avenue presents a prime 15-unit multifamily opportunity in Chicago's South Shoreneighborhood, offering an attractive unit mix and strong in-place income. The building features 4 spacious 4-bed/2-bath units, 3 large 3-bed/1-bath units, and 8 well-appointed 2-bed/1-bath apartments, catering to families and working professionals seeking quality housing near the lakefront and public transit

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7400 S Phillips Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 10500
  • Electric Expense: 4320
  • Fuel Expense: 0
  • Gross Income: 195510
  • Insurance Expense: 15000
  • Maintenance Expense: 21000
  • Net Operating Income: 88716
  • Operating Expense: 106794
  • Trash Expense: 3600
  • Water Sewer Expense: 7200

Building Information

  • Year Built: 1927

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore

Tax Information

  • Tax Annual Amount: $17,735.00
  • Tax Year: 2024

General Information

  • Parcel Number: 21301150130000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 4

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 150x50

General Information

  • Number Of Units Total: 15

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 8

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 4
  • Baths Total: 2
  • Units Total: 4

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7400 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
Community data courtesy of LiveBy, Inc.

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.

7400 S Phillips Avenue Monthly Cost

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Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7400 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
Calculations provided by Reliance Network

7400 S Phillips Avenue History

Date Event Value Agent
5/18/2026Source: MRED Added to Database
May 18, 2026