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Six-Unit Apartment Building with Garages
For Sale
Contact for pricing

7515 S Phillips Ave, Chicago, IL 60649

Spacious apartments feature flexible room layouts, on-site laundry, and detached garage parking.

Property SizeContact for details
Days on Market142

Property Features for 7515 S Phillips Ave

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multifamily

Units

Unit Mix 6 x 2BR
Multifamily Units 6

Additional Details

Public Transit Yes

Amenities

on-site laundry
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kyle Stengle · License #IL 475.138461
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:17AM

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 six-unit apartment property in Chicago’s South Shore neighborhood offers oversized two-bedroom layouts with adaptable room configurations. Each residence includes a living room, formal dining room, large kitchen with pantry, front sunroom, rear office or third-bedroom area, and a spacious bathroom. The layouts can be converted to three-bedroom apartments, subject to applicable requirements. On-site laundry and six detached garages add practical building amenities.

The property is located on South Phillips Avenue, four blocks from Lake Michigan. Hyde Park, The University of Chicago, and the Obama Presidential Library are identified nearby, while CTA bus routes and Metra stations provide transit connections throughout the neighborhood and toward downtown Chicago.

Key Highlights

  • Six two‑bedroom apartments with layouts that can be converted to three‑bedroom apartments
  • Each unit includes a living room, formal dining room, kitchen with pantry, sunroom, rear office or third‑bedroom area, and bathroom
  • Six detached garages provide on‑site parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Dental Office Storage Facility Locksmith (Bike/Boat/Book/etc) Store

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

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,353
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 - Spacious apartments feature flexible room layouts, on-site laundry, and detached garage parking.
Where is this apartment building located?
The property is located at 7515 S Phillips Ave Chicago, IL.
What are key features of this property?
This property features: Six two‑bedroom apartments with layouts that can be converted to three‑bedroom apartments; Each unit includes a living room, formal dining room, kitchen with pantry, sunroom, rear office or third‑bedroom area, and bathroom; Six detached garages provide on‑site parking
(312) 327-5463 Call to check price and availability
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