Courtyard Apartment
For Sale
$2,500,000
7251 S Phillips Ave, Chicago, IL 60649
Renovated 36-unit courtyard apartment building featuring new kitchens and baths, with 1-bed, 2-bed, and studio layouts.
Days on Market60
Property Features for 7251 S Phillips Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
36
Building Details
Year Built
1981
Listing Agency:
(630) 209-3622
Listed By:
Noah Birk · License #ILLINOIS #475125864
(630) 209-3622
Source:
Kisergroup
Added: Jun 2
Changed: Jul 20
Last Checked: Jul 30 at 3:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Noah Birk
Investment Insights
Based on property information with market context.
This renovated 36-unit courtyard apartment building is presented for sale with an updated interior package that includes new kitchens and baths. The unit mix consists of six (6) 1-bedroom/1-bath apartments, twelve (12) 2-bedroom/1-bath apartments, and eighteen (18) studios, offering a range of residential layouts within a courtyard-style setting.
The property is located at 7251 S. Phillips Ave in Chicago’s South Shore neighborhood, described in the offering as being within blocks of Lake Michigan to the east. The surrounding area has seen recent development activity, including the construction of the Obama Presidential Library.
For additional operating details and rent/expense information, interested parties should contact the Kiser Group directly.
The property is located at 7251 S. Phillips Ave in Chicago’s South Shore neighborhood, described in the offering as being within blocks of Lake Michigan to the east. The surrounding area has seen recent development activity, including the construction of the Obama Presidential Library.
For additional operating details and rent/expense information, interested parties should contact the Kiser Group directly.
Key Highlights
- 36‑unit courtyard apartment building built in 1981
- Recently renovated with new kitchens and baths
- Unit mix: six (6) 1 bed / 1 bath apartments
Property Analytics
Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 36-unit courtyard apartment building featuring new kitchens and baths, with 1-bed, 2-bed, and studio layouts.
Where is this apartment building located?
The property is located at 7251 S Phillips Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 36‑unit courtyard apartment building built in 1981; Recently renovated with new kitchens and baths; Unit mix: six (6) 1 bed / 1 bath apartments
