7608 - 10 S Phillips Avenue, Chicago, IL 60649 - Photo 1

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$390,000 Contingent

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Contingent
Commercial
10,236 Sq. Ft.

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Property Description

AN ADDITIONAL $30,000 PRICE REDUCTION BY SELLER IS IN EFFECT!!! Prime South Shore 6-Unit Investment Opportunity! Located at 7608-10 S Phillips, Chicago, IL 60649, this solid brick 6-unit building has reverted to multifamily rental in ongoing court case offering a fantastic value-add opportunity. Each spacious unit features 3-4 bedrooms, 2 bathrooms, hardwood floors, formal dining rooms and open rear porches, with select units boasting open floor plans. The property includes a full unfinished basement and two garages (one 2-car, one 3-car). Situated in the rapidly developing South Shore neighborhood, it is close to the Obama Presidential Center, Jackson Park, Metra, CTA, and the Lake Michigan. A prime opportunity for investors seeking strong rental income potential in a high-demand area! Sold AS-IS. All offers subject to judicial approval.

Full Property Details

Full Property Details for 7608 - 10 S Phillips Ave

General

Price: $390,000
Taxes: $99,999 (2023)
Status: Contingent
Type: Commercial
Source: MRED
MLS ID: 12309243
Updated: 12/20/2025
Added to Site: 387 day(s) ago

Interior

Basement: Unfinished

Location

Area: CHI - South Shore
County: Cook
Driving Directions: Yates Blvd to 76th St, east one street to Phillips Ave, then south to address
Location Details: Freestanding/Urban, In City Limits

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: None
Heating Type: Forced Air, Gas, Individual Furnaces

Utilities

Water: Municipal Water

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement: Yes
Basement Desc.: Unfinished
Stories/Levels: 3
Square Feet: 10,236
Year Built: 1925
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 6,572
Lot Dimensions: 50 x 131
Frontage: City Street

Financial Considerations

Assessment Year: 1925
Tax Amount: $99,999
Tax Year: 2023

Disclosures and Reports

Property ID: 21313070260000

Listed by RLB Realty Group, Inc.

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— 7608 - 10 S Phillips Ave —

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Schools

Schools serving 7608 - 10 S Phillips Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Coles Elementary Language Academy 8441 South Yates Boulevard, Chicago, IL 60617	K-8	0 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 7608 - 10 S Phillips Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/21/2025

Price Reduced

$390,000

-7.14%

MLS

6/03/2025

Price Reduced

$420,000

-6.67%

MLS

3/10/2025

Listed

$450,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7608 - 10 S Phillips Avenue, Chicago, IL 60649 (MLS# 12309243) is a Commercial property. 7608 - 10 S Phillips Avenue is currently listed for $390,000 and was received on March 10, 2025. Want to learn more about 7608 - 10 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.

7608 - 10 S Phillips Ave Chicago, IL 60649