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Updated Multi-Unit Brick Building

7732 S Phillips Avenue Chicago, IL 60649

7732 S Phillips Avenue, Chicago, IL, 60649
$700,000
For Sale
$700,000

MULTI_FAMILY - Chicago, IL

Property Size7,500 SF
Price / SF$93.33
Days on Market47

Property Features for 7732 S Phillips Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
11
Bathrooms
7
Rooms
Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 11, Bedroom 8, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 7, Bathroom 4, Bedroom 10, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 9, Bedroom 3, Bedroom 2, Bedroom 4, Basement
Parking
2
Parking features
Open, Garage
Basement
Unfinished, Full
Standard status
Active
APN
21303180210000

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
3109

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Steam

Building Details

Year built
1923
Building materials
Brick
Listing Agency Berg Properties
541 N Harvey, Oak Park, IL
Listed by Colleen Berg · License #471019976
Added: Jun 2 Checked: Jul 18 at 1:06 am
MLS# 12660519 Listing URL

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.

This updated multi-unit brick building offers three spacious residential units along with a finished garden-level living space. An oversized storage room is adjacent to the basement level, providing additional utility beyond the main living areas. Renovations include updated plumbing, electrical, and HVAC systems, along with modern kitchens and updated bathrooms with contemporary finishes. The property also features newer windows, a newer roof, refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added convenience.

Located at 7732 S Phillips Avenue in Chicago, IL 60649, the property is zoned MULTI. The configuration supports projected gross rental income of approximately $8,700 per month, based on roughly $2,300 per month for each of the three above-grade units and approximately $1,800 per month for the finished garden unit.

Key Highlights

  • Jumbo brick multi‑unit building (built 1923) with 7,500+ sq ft of living space plus an oversized storage room adjacent to the basement level
  • 3 above‑grade residential units plus a finished garden‑level living space for owner use or additional rental income
  • Approx. projected rent: $2,300/mo for each of the three above‑grade units and $1,800/mo for the finished garden unit (approx. $8,700/mo total)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Dental Office Building Supply Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Acupuncture Travel Agency Carpet & Flooring Store HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Updated multi-unit brick property with three above-grade units plus a finished garden-level living space.
Where is this quadplex located?
The property is located at 7732 S Phillips Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Jumbo brick multi‑unit building (built 1923) with 7,500+ sq ft of living space plus an oversized storage room adjacent to the basement level; 3 above‑grade residential units plus a finished garden‑level living space for owner use or additional rental income; Approx. projected rent: $2,300/mo for each of the three above‑grade units and $1,800/mo for the finished garden unit (approx. $8,700/mo total)
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