Chicago Multifamily Investment Opportunity

7400 S Phillips Avenue Chicago, IL 60649

Claim this Listing
For Sale
$975,000

MULTI_FAMILY - Chicago, IL

Added:
Apr 21, 2026
Days on Market:
83
Last Refresh:
Jul 12 at 9:06 pm

Property Features for 7400 S Phillips Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
41
Bathrooms
19
Rooms
Bedroom 26, Bathroom 17, Bedroom 3, Bedroom 38, Bedroom 17, Bathroom 13, Bedroom 34, Bedroom 33, Bedroom 12, Bedroom 19, Bedroom 8, Bedroom 27, Bedroom 14, Bedroom 35, Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 4, Bathroom 8, Bathroom 10, Bathroom 18, Bathroom 12, Bedroom 31, Bedroom 40, Bathroom 15, Bedroom 21, Bedroom 36, Bathroom 9, Bedroom 30, Bedroom 37, Bedroom 4, Bathroom 11, Bedroom 15, Bedroom 6, Bedroom 9, Bedroom 5, Bedroom 16, Bathroom 14, Bedroom 10, Bedroom 25, Bedroom 1, Bedroom 22, Bedroom 29, Bathroom 19, Bedroom 28, Bedroom 32, Bathroom 2, Bedroom 13, Bedroom 39, Bathroom 1, Bedroom 41, Bedroom 18, Bathroom 6, Bedroom 7, Bathroom 16, Bedroom 20, Bedroom 11, Bedroom 23, Bedroom 2, Bedroom 24
Standard status
Active
APN
21301150130000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
17735

Building Details

Year built
1927
Floors in Building
4
Number of units
15

Listing agent Brian Mond License #471022047

Listing office 33 Realty 357 W. Chicago Ave., Chicago, IL

Listing date Apr 21, 2026

MLS# 12625128 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

The property at 7400 S Phillips Avenue is a 15-unit multifamily building located in Chicago's South Shore neighborhood. It features a unit mix of four 4-bed/2-bath units, three 3-bed/1-bath units, and eight 2-bed/1-bath apartments. The property offers an opportunity for income generation and caters to families and working professionals seeking housing near the lakefront and public transit.

Key Highlights

  • 15‑unit multifamily building offering strong in‑place income
  • Attractive unit mix with a variety of unit sizes (4‑bed, 3‑bed, and 2‑bed apartments)
  • Located in Chicago's South Shore neighborhood

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Building Supply (Bike/Boat/Book/etc) Store Storage Facility Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Acupuncture Tattoo & Piercing Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - 15-unit multifamily property in Chicago's South Shore neighborhood.
Where is this apartment building located?
The property is located at 7400 S Phillips Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 15‑unit multifamily building offering strong in‑place income; Attractive unit mix with a variety of unit sizes (4‑bed, 3‑bed, and 2‑bed apartments); Located in Chicago's South Shore neighborhood
Contact an agent
More about this property
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