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Updated Apartment Building Portfolio
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Pending

6748 S Phillips Ave, Chicago, IL 60649

Two Chicago apartment properties offer varied floor plans and access to rail and bus transportation.

Property SizeContact for details
Days on Market146

Property Features for 6748 S Phillips Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kyle Stengle · License #IL 475.138461
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:02PM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This two-property apartment portfolio includes 44 units across the South Shore and Avalon Park areas of Chicago. The buildings offer studio, one-bedroom, and two-bedroom layouts, with improvements including refreshed kitchens and bathrooms, updated appliances, and wood flooring installed as units are renovated.

Transit access is a notable feature of both properties. The Woodlawn building is a one-minute walk from the 79th Street Metra station and CTA Route 9. The Phillips building is a ten-minute walk from the Windsor Park Metra station and a six-minute walk from CTA Routes 5, 75, and 95. The surrounding South Shore area includes restaurants, shopping centers, entertainment venues, small businesses, lakefront beaches, public parks, and community gardens. Avalon Park, directly adjacent to South Shore, is primarily composed of single-family homes.

Key Highlights

  • 44 apartments across two Chicago properties
  • Studio, one‑bedroom, and two‑bedroom floor plans
  • Updated kitchens, bathrooms, appliances, and wood flooring

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Tech Support Center Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two Chicago apartment properties offer varied floor plans and access to rail and bus transportation.
Where is this apartment building located?
The property is located at 6748 S Phillips Ave Chicago, IL.
What are key features of this property?
This property features: 44 apartments across two Chicago properties; Studio, one‑bedroom, and two‑bedroom floor plans; Updated kitchens, bathrooms, appliances, and wood flooring
(312) 636-6383 Call to check price and availability
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