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14-Unit Multifamily Building
For Sale
$1,050,000

7600 S Phillips Avenue, Chicago, IL 60649

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market124

Property Features for 7600 S Phillips Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 32
Bathrooms 14
Full bathrooms 14
Rooms Bathroom 10, Bedroom 7, Bedroom 9, Bathroom 8, Bathroom 1, Bedroom 6, Bedroom 24, Bathroom 11, Bedroom 3, Bedroom 27, Bedroom 19, Bedroom 31, Bathroom 14, Bedroom 32, Bedroom 16, Bedroom 14, Bedroom 18, Bedroom 10, Bedroom 4, Bedroom 12, Bedroom 11, Bedroom 17, Bedroom 30, Bathroom 7, Bedroom 20, Bathroom 6, Bathroom 5, Bedroom 13, Bedroom 8, Bedroom 21, Bathroom 9, Bathroom 4, Bathroom 13, Bedroom 23, Bedroom 28, Bedroom 29, Bedroom 15, Bathroom 3, Bedroom 2, Bedroom 22, Bathroom 12, Bedroom 5, Bedroom 25, Bedroom 26, Bathroom 2, Bedroom 1
Directions South to Chicago Skyway (I-90 E), exit Stony Island Ave south to 75th St, east on 75th to Phillips Ave, then south on Phillips to property.
Subdivision CHI - South Shore
Standard status Active
APN 21303070120000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15518

Building Details

Year built 1927
Floors in Building 4
Number of units 14
Listing Agency: 33 Realty
Listed By: Brian Mond · License #478007026
Added: Apr 21 Changed: Aug 20 Last Checked: Aug 22 at 2:06PM
MLS# 12625316

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.

Investment Insights

Based on property information with market context.

7600 S Phillips Avenue is a 14-unit multifamily building built in 1927. The unit mix includes one one-bedroom unit, eight two-bedroom units, and five three-bedroom units, supporting a range of tenant needs across spacious apartment layouts.

The property is located in Chicago’s South Shore neighborhood. It offers a residential income setup with multiple bedrooms represented across the portfolio, including a balance of two- and three-bedroom units alongside a smaller one-bedroom component.

For operators and investors seeking a steady residential rental mix, this building’s composition provides a practical lineup of one-, two-, and three-bedroom apartment options within a single asset.

Key Highlights

  • 14‑unit multifamily building
  • Year built 1927
  • Unit mix: 1 one‑bedroom

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

14
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 - Brick multifamily building built in 1927 offering a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 7600 S Phillips Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 14‑unit multifamily building; Year built 1927; Unit mix: 1 one‑bedroom
More about this property
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