7721 S Phillips Avenue, Chicago, IL 60649 - Photo 1

1/1

$389,900

Sold
Closed
Multi-Family
9 Total Beds
2 Car Garage

1/1

Property Description

A must-see investment opportunity! This spacious 3-flat offers excellent rental income potential. Fully rehabbed in 2018, each unit boasts 3 large bedrooms, 1.5 baths, hardwood floors, and high ceilings that enhance the bright, airy feel throughout. Updated features include granite countertops, stainless steel appliances, and stylish bathrooms, complemented by neutral tones that suit any decor. Washer/dryer available in each unit in as-is condition. The 2nd floor unit is occupied by long-term tenants on month-to-month leases, providing immediate income with room for rental increases. The 1st and 3rd floor unit are vacant and available for showings. Each unit has potential for higher rents. Building is being Sold As-Is.

Full Property Details

Full Property Details for 7721 S Phillips Ave

General

Sold For: $389,900
Taxes: $3,811 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12309147
Added to Site: 310 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Yes, Garage Owned, Detached, Garage

Location

Area: CHI - South Shore
County: Cook
Driving Directions: From E 78th St towards S Essex Ave Turn right onto S Phillips Ave and to the property address

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Other

Utilities

Water: Other

Structural Information

Construction: Frame
Exterior Const.: Frame
Basement Desc.: Unfinished, Full
Foundation: Concrete Perimeter
Year Built: 1922
Built Before 1978: Yes

Unit Information

Units in Building: 3

Lot Features

Lot Size (Acres): 0.08
Lot Size Range: Less than .25 Acre
Lot Dimensions: 3720
Zoning: MULTI

Financial Considerations

Assessment Year: 1922
Tax Amount: $3,811.37
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 21303190050000

Listed by Landmark Realtors
Sold by Kale Realty

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Schools

Schools serving 7721 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	1.2 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 7721 S Phillips Ave

Date

Details

Price

Change

Source

11/04/2025

Sold

$389,900

—

MLS

3/11/2025

Listed

$389,900

—

MLS

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

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Total Baths
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Just Listed

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Multi-Family
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4
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Just Listed

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5
Beds
2
Total Baths
1,900
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$439,900

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Multi-Family
Active
Updated 5 days ago

5
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2
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7730 S Essex Ave, Chicago, IL 60649 - Photo 1

Sold

$410,000

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Multi-Family
Closed

9
Total Beds

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Sold

$412,000

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Multi-Family
Closed

9
Total Beds

Co-Listed by Karina Barrera

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Sold

$394,900

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Multi-Family
Closed

8
Total Beds

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Closed

4
Total Beds

7721 S Phillips Avenue, Chicago, IL 60649 (MLS# 12309147) is a Multi-Family property that was sold at $389,900 on November 04, 2025. Want to learn more about 7721 S Phillips Avenue? Do you have questions about finding other Multi-Family 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.

7721 S Phillips Ave Chicago, IL 60649