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$149,900

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
See This Home
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Financing Fell through at the last minute. Perfect opportunity for investors. Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there's plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you're looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community.

Full Property Details for 615 Frances St

General

  • Price: $149,900
  • Taxes: $14,853 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12463986
  • Updated: 12/11/2025
  • Added to Site: 135 day(s) ago

Rental Information

  • Complex Features: Park, Street Paved

Interior

  • Basement: Crawl Spac

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: Interstate Access

Parking

  • Total Spaces: 2
  • Parking Features: Unassigned, Off-Alley, Off-Street, Yes, Owned

Location

  • Area: Phoenix
  • County: Cook
  • Township: Thornton
  • Driving Directions: Continue on E 152nd St. Drive to Frances St in Phoenix

School Information

  • School District: 151
  • Elem School District: 151
  • Midd School District: 151
  • High School District: 205
  • Elementary School: Madison School
  • Middle School: Coolidge Middle School
  • High School: Thornton Township High School
  • Private School: Thornton Township High School

Heating & Cooling

  • Heating Type: Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Roof: Asphalt
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 23 x 122
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Tax Amount: $14,853.77
  • Tax Year: 2023
  • Pays Electric: 100
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 29161140130000

Listed by Alexander & Associates Realty Group

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Listing agent

— 615 Frances St —

  • Alexander & Associates Realty Group

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 615 Frances St

School Districts:Thornton Township High School District 205, South Holland School District 151
NameGradesDistance
Taft School
393 East 163rd Street, Harvey, IL 60426
PK-11.3 mi
Madison School, South Holland, IL
15700 Orchid Drive, South Holland, IL 60473
4-51.4 mi
Eisenhower School, South Holland, IL
16001 Minerva Avenue, South Holland, IL 60473
2-32.3 mi
Coolidge Middle School, Phoenix, IL
15500 7th Avenue, Phoenix, IL 60426
6-80.5 mi
Thornton Township High School
15001 Broadway Avenue, Harvey, IL 60426
9-120.6 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 615 Frances St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/05/2025
Price Reduced
$149,900
-9.1%
MLS
11/04/2025
Price Reduced
$164,900
-8.34%
MLS
9/04/2025
Listed
$179,900
63.55%
MLS
9/28/2021
Sold
$110,000
—
Public Record
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.

Tax History for 615 Frances St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$764
1%
$922
9%
2022
$760
—
$845
—
2021
$760
-1%
$845
—
2020
$766
17%
$845
10%
2019
$654
4%
$768
—
2018
$629
5%
$768
—
2017
$600
16%
$768
11%
2016
$517
6%
$691
—
2015
$489
4%
$691
—
2014
$472
10%
$691
—
2013
$428
3%
$691
—
2012
$415
—
$691
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Alexander & Associates Realty Group

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615 Frances Street, Phoenix, IL 60426 (MLS# 12463986) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 615 Frances Street is currently listed for $149,900 and was received on September 04, 2025. Want to learn more about 615 Frances Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

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