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    7608 S Phillips Ave Chicago, IL 60649

    Sponsored
    For Sale
    Under Contract
    $390,000

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.15 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 7608 S Phillips Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 2, Bedroom 10, Bedroom 20, Bathroom 4, Bedroom 18, Bedroom 1, Bedroom 4, Bedroom 9, Bedroom 11, Bathroom 11, Bedroom 8, Bedroom 21, Bathroom 9, Bathroom 1, Bedroom 19, Basement, Bedroom 13, Bathroom 7, Bedroom 12, Bedroom 6, Bedroom 17, Bathroom 12, Bathroom 3, Bathroom 10, Bedroom 5, Bedroom 14, Bedroom 15, Bedroom 16, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 3, Bathroom 2, Bedroom 7
    Bedrooms
    21
    APN
    21313070260000
    Basement
    Unfinished
    Lot size
    0.15 Acres

    Building Details

    Year built
    1925
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick

    RLB Realty Group, Inc. (773) 268-2000 [email protected]

    Listing agent Ronald Branch (773) 268-2000

    Listing date Dec 20, 2025

    MLS# 12309243 Listing URL

    Copyright © 2025 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.

    Overview

    South Shore Multifamily Investment Opportunity

    Located at 7608-10 S Phillips Avenue in Chicago, IL 60649, this solid brick 6-unit building presents a multifamily rental investment opportunity. Each unit features 3-4 bedrooms, 2 bathrooms, hardwood floors, formal dining rooms, and open rear porches, with select units boasting open floor plans. The property includes a full unfinished basement and two garages, one a 2-car garage and the other a 3-car garage. Situated in the rapidly developing South Shore neighborhood, the property is close to the Obama Presidential Center, Jackson Park, Metra, CTA, and Lake Michigan. This property offers investors strong rental income potential in a high-demand area. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.56546
    Latitude
    41.756866

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building in Chicago's South Shore neighborhood.
    Where is this apartment building located?
    The property is located at 7608 S Phillips Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Substantial Price Reduction: $30,000 price reduction makes this an even more attractive investment.; - High Rental Income Potential: Located in a high-demand area of the rapidly developing South Shore neighborhood.; - Six Spacious Units: Each unit features 3-4 bedrooms and 2 bathrooms.
    (773) 268-2000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7608 S Phillips Ave Chicago, IL 60649
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