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$279,900 Just Listed
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Property Description
Excellent opportunity in the South Shore neighborhood of Chicago! This 6-unit brick building features six spacious 2-bedroom, 1-bathroom apartments, each with great potential once updated. The property boasts a full finished basement and detached garage parking for up to 8 cars. Brick construction with strong sructural potential. Located near schools, shopping, public transportation and the lakefront. Property needs work and is being sold in AS IS condition, no surveys nor disclosures, taxes prorated.
Full Property Details
Full Property Details for 7816 S Phillips Ave
General
- Price: $279,900
- Taxes: $5,505 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12547507
- Updated: 1/14/2026
- Added to Site: 2 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: North or south to 77th East or west to Phillips South 1 block to property.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1930
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 3675
Financial Considerations
- Assessment Year: 1930
- Tax Amount: $5,505
- Tax Year: 2023
- Tenant Pays: Air Conditioning
Disclosures and Reports
- Property ID: 21303250150000
Listed by Area Wide Realty
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Schools
Schools serving 7816 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- | 0.7 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.1 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 7816 S Phillips Ave
Date
Details
Price
Change
Source
1/14/2026
Listed
$279,900
-49.11%
MLS
2/28/2020
Sold
$550,000
—
Public Record
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 7816 S Phillips Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,505
3%
$26,000
—
2022
$5,348
2%
$26,000
—
2021
$5,228
22%
$26,000
35%
2020
$4,283
-2%
$19,224
-12%
2019
$4,389
2%
$21,846
—
2018
$4,315
—
$21,846
9%
2017
$4,298
7%
$19,964
—
2016
$3,999
9%
$19,964
—
2015
$3,658
-1%
$19,964
1%
2014
$3,680
2%
$19,836
—
2013
$3,608
1%
$19,836
—
2012
$3,560
—
$19,836
—
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 7816 S Phillips Ave
7816 S Phillips Avenue, Chicago, IL 60649 (MLS# 12547507) is a Commercial property. 7816 S Phillips Avenue is currently listed for $279,900 and was received on January 14, 2026. Want to learn more about 7816 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.

