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    7816 S Phillips Ave Chicago, IL 60649

    Pending
    For Sale
    $279,900

    Commercial Sale - Chicago, IL

    Lot size:
    0.17 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 7816 S Phillips Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    21303250150000
    Lot size
    0.17 Acres

    Building Details

    Year built
    1930
    Number of units
    6
    Architectural style
    Other

    Area Wide Realty (708) 656-3333 [email protected]

    Listing agent Michael Olszewski (708) 656-3333 License #471011979

    Listing date Dec 3, 2025

    MLS# 12520578 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

    Chicago Multifamily Investment Opportunity

    Located in the South Shore neighborhood of Chicago, this property features a 6-unit brick building. The building contains six apartments, each with two bedrooms and one bathroom. Each unit offers potential for updates. The property includes a full finished basement and a detached garage with parking space for up to 8 cars. Constructed of brick, the building has strong structural potential. The property is located near schools, shopping, public transportation, and the lakefront. The lot size is 0.17 acres. The property is being sold in AS IS condition, with no surveys nor disclosures, and taxes prorated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.5653926
    Latitude
    41.7529672

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    FAQs

    What type of property is this?
    Apartment building - Six-unit brick building in Chicago's South Shore neighborhood.
    Where is this apartment building located?
    The property is located at 7816 S Phillips Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: - Six spacious 2-bedroom apartments offer significant rental income potential.; - Full finished basement provides additional usable space.; - Detached garage with parking for up to 8 cars is a valuable amenity.
    (708) 656-3333
    Request Owner's contact information
    7816 S Phillips Ave Chicago, IL 60649
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    Chicago, IL 60649
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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
    7816 S Phillips Ave Chicago, IL 60649
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