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$580,000
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Property Description
Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2500 per month for each of the three above-grade units, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.
Full Property Details
Full Property Details for 7732 S Phillips Ave
General
- Sold For: $580,000
- Taxes: $3,109 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12660519
Rooms
Bathrooms
- Total Bathrooms: 7
Bedrooms
- Total Bedrooms: 11
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - South Shore
- County: Cook
- Driving Directions: 77th Street East to Phillips right to 7732.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air, Steam
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1923
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 3720
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1923
- Tax Amount: $3,109
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 21303180210000
Listed by Berg Properties
Sold by Real People Realty
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Schools
Schools serving 7732 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 |
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 | 9-11 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
7732 S Phillips Avenue, Chicago, IL 60649 (MLS# 12660519) is a Multi-Family property that was sold at $580,000 on September 30, 2026. Want to learn more about 7732 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.

