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$975,000

  • For Sale
  • Active
  • Commercial
  • Updated 1 day ago
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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

Full Property Details for 7400 S Phillips Ave

General

  • Price: $975,000
  • HOA FEE: $21,000
  • Taxes: $17,735 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12625128
  • Updated: 5/18/2026
  • Added to Site: 29 day(s) ago

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving Directions: South to Chicago Skyway (I-90 E). Exit at Stony Island Ave. South on Stony Island to 75th St. East on 75th St to Phillips Ave. North on Phillips Ave to property on west side of street.

Heating & Cooling

  • Heating Type: Gas

Utilities

  • Trash: 3600

Structural Information

  • Stories/Levels: 4
  • Year Built: 1927
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 150 x 50

Financial Considerations

  • Maint. Fee: $21,000
  • Insurance Fee: $15,000
  • Operating Expenses: $106,794
  • Other Fee: $10,500
  • Assessment Year: 1927
  • Tax Amount: $17,735
  • Tax Year: 2024
  • Pays Electric: 4320
  • Pays Trash: 3600

Disclosures and Reports

  • Property ID: 21301150130000

Listed by 33 Realty

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— 7400 S Phillips Ave —

  • 33 Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7400 S Phillips Ave

School District:Chicago Public School District 299
NameGradesDistance
Powell Elementary Paideia Community Academy
7511 South South Shore Drive, Chicago, IL 60649
K-80.4 mi
South Shore Intl Col Prep High School
1955 East 75th Street, Chicago, IL 60649
12-0.6 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7400 S Phillips Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/21/2026
Listed
$975,000
174.65%
MLS
10/17/2008
Sold
$355,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7400 S Phillips Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,999
3%
$85,005
—
2022
$17,484
7%
$85,005
4%
2021
$16,407
-15%
$81,590
-6%
2020
$19,352
11%
$86,870
—
2019
$17,453
2%
$86,870
—
2018
$17,160
42%
$86,870
55%
2017
$12,062
-5%
$56,030
-12%
2016
$12,717
-15%
$63,492
-23%
2015
$15,048
260%
$82,120
265%
2014
$4,177
2%
$22,515
—
2013
$4,095
-72%
$22,515
-73%
2012
$14,760
—
$82,251
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by 33 Realty

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7400 S Phillips Avenue, Chicago, IL 60649 (MLS# 12625128) is a Commercial property. 7400 S Phillips Avenue is currently listed for $975,000 and was received on April 21, 2026. Want to learn more about 7400 S Phillips Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

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