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7801 S Phillips Avenue, Chicago, IL 60649
$1,050,000
7801 S Phillips Avenue, Chicago, IL 60649View this property at 7801 S Phillips Avenue, Chicago, IL 60649
7801 S Phillips AvenueChicagoIL60649
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Property Description
***BACK ON THE MARKET***GREAT OPPORTUNITY FOR INVESTOR LOOKING TO CREATIVE POSITIVE CASHFLOW. 3 story brick 19 unit building. Property is located on the SE corner of 78th and Phillips Ave. The building is structurally sound! Completely fenced front and rear. All apartments are generous in size. Minutes from South Shore Cultural Center (9 hole golf course) Lake Michigan and The Obama Presidential Center. Potential condo conversion or BNB. SOME SELLER FINANCING CONSIDERED!
Full Property Details
Full Property Details for 7801 S Phillips Ave
General
- Price: $1,050,000
- HOA FEE: $6,000
- Taxes: $9,401 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11895960
- Updated: 3/21/2024
- Added to Site: 215 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: 76 STREET EAST OF YATES TO PHILLIPS. SOUTH TO 7801 S. PHILLIPS
Heating & Cooling
- Heating Type: Central Building Heat
Utilities
- Trash: 1500
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1926
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 11,250
- Lot Dimensions: 90 x 125
Financial Considerations
- Maint. Fee: $6,000
- Insurance Fee: $10,000
- Operating Expenses: $73,176
- Other Fee: $1,000
- Assessment Year: 1926
- Tax Amount: $9,401.57
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 2500
- Pays Trash: 1500
Disclosures and Reports
- Property ID: 21303260010000
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Schools
Schools serving 7801 S Phillips Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7736 S Burnham Ave, Chicago, IL 60649 | PK-8 | 0.4 mi | |
2100 E 87th St, Chicago, IL 60617 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7801 S Phillips Ave
Date
Details
Price
Change
Source
9/27/2023
Listed
$1,050,000
—
MLS
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
Tax History for 7801 S Phillips Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,484
2%
$85,005
—
2021
$17,094
-12%
$85,005
-3%
2020
$19,473
11%
$87,413
—
2019
$17,562
2%
$87,413
—
2018
$17,267
-1%
$87,413
8%
2017
$17,500
7%
$81,292
—
2016
$16,282
9%
$81,292
—
2015
$14,896
17%
$81,292
19%
2014
$12,696
2%
$68,430
—
2013
$12,446
1%
$68,430
—
2012
$12,279
—
$68,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7801 S Phillips Ave
7801 S Phillips Avenue, Chicago, IL 60649 (MLS# 11895960) is a Commercial property. 7801 S Phillips Avenue is currently listed for $1,050,000 and was received on September 27, 2023. Want to learn more about 7801 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.