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$500,000
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Property Description
Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!
Full Property Details
Full Property Details for 7515 S Phillips Ave
General
- Sold For: $500,000
- Taxes: $4,569 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12368959
- Added to Site: 242 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Driving Directions: Directions: East or west on 75th Street to Phillips then head south to arrive at property
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Stories/Levels: 3
- Year Built: 1921
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: .17 ACRES
Financial Considerations
- Operating Expenses: $37,314
- Assessment Year: 1921
- Tax Amount: $4,569
- Tax Year: 2023
- Tenant Pays: Electricity, Other
Disclosures and Reports
- Property ID: 21303010050000
Listed by eXp Realty
Sold by 1804 Realty Group LLC
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Schools
Schools serving 7515 S Phillips Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Bradwell Community Arts & Sci Elementary School 7736 South Burnham Avenue, Chicago, IL 60649 | K-8 | 0.4 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7515 S Phillips Ave
Date
Details
Price
Change
Source
8/07/2025
Sold
$500,000
0.02%
MLS
5/19/2025
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7515 S Phillips Avenue, Chicago, IL 60649 (MLS# 12368959) is a Commercial property that was sold at $500,000 on August 07, 2025. Want to learn more about 7515 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.

