Fully Renovated Multi-Unit
7741 S Phillips Avenue, Chicago, IL 60649
MULTI_FAMILY - Chicago, IL
- Added:
- May 12, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 7741 S Phillips Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 9, Basement, Bedroom 2
- Parking
- 3
- Parking features
- Garage
- Basement
- Full, Unfinished
- Standard status
- Active Under Contract
- APN
- 21303190110000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 3811
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Forced Air
Building Details
- Year built
- 1926
- Building materials
- Brick
Listing agent Colleen Berg License #471019976 (708) 763-8674
Listing office Berg Properties 541 N Harvey, Oak Park, IL (888) 276-9959
Listing date May 12, 2026
MLS# 12645351
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.
HighLights
- Fully gut‑rehabbed multi‑unit property rebuilt from the studs with new framing, insulation, plumbing, electrical, and mechanicals throughout
- Updates include new HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and other mechanical improvements
- Each unit features 3 large bedrooms, 1 bathroom, and in‑unit laundry hookup(s)
- Kitchens include brand‑new stainless steel appliances, updated countertops, and contemporary finishes
- Bathrooms feature updated tile work and modern fixtures
- Projected rental income is approximately $2,200 per unit; basement includes brand‑new drain tile
Overview
This fully gut-rehabbed multi-unit building was rebuilt from the studs with modern, high-end finishes and a comprehensive systems upgrade. Improvements include new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and other mechanicals. Each oversized unit features three large bedrooms, one beautifully designed bathroom, and in-unit laundry hookups for day-to-day convenience. Kitchens are updated with brand-new stainless steel appliances, stylish cabinetry, and contemporary countertops, while bathrooms include modern fixtures and tile work. The basement also includes brand-new drain tile to support long-term value.
Located at 7741 S Phillips Avenue in Chicago’s 60649 area, the property is zoned MULTI, supporting its multi-family use. The renovations present a turnkey option for buyers who want a move-forward asset with the physical components addressed throughout the building.
With spacious unit layouts and in-unit laundry hookups, the building is well-suited for investors seeking low-maintenance ownership and strong tenant appeal. It can also fit owner-occupants who want the benefits of a completely renovated residence alongside rental income potential from the additional units.
Located at 7741 S Phillips Avenue in Chicago’s 60649 area, the property is zoned MULTI, supporting its multi-family use. The renovations present a turnkey option for buyers who want a move-forward asset with the physical components addressed throughout the building.
With spacious unit layouts and in-unit laundry hookups, the building is well-suited for investors seeking low-maintenance ownership and strong tenant appeal. It can also fit owner-occupants who want the benefits of a completely renovated residence alongside rental income potential from the additional units.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.564715
- Latitude
- 41.754184
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Completely rebuilt multi-unit property with spacious 3-bedroom layouts and in-unit laundry hookups, designed for turnkey rental income.
Where is this multifamily property located?
The property is located at 7741 S Phillips Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Fully gut‑rehabbed multi‑unit property rebuilt from the studs with new framing, insulation, plumbing, electrical, and mechanicals throughout; Updates include new HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and other mechanical improvements; Each unit features 3 large bedrooms, 1 bathroom, and in‑unit laundry hookup(s)
