Mixed-Use Apartment
For Sale
Contact for pricing
Pending
7901 S Phillips Ave, Chicago, IL 60617
Apartment property with renovated residences, storefronts, and updated core building systems on a major South Shore commercial corridor.
Property SizeContact for details
Days on Market143
Property Features for 7901 S Phillips Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Aaron Sklar · License #IL 475161507
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 30 at 10:19PM
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 Kiser Group
Investment Insights
Based on property information with market context.
This mixed-use apartment property contains 34 residential units and seven storefronts. The residential layout includes 16 two-bedroom/one-bath apartments, nine one-bedroom/one-bath apartments, and two studios. Most residences feature updated kitchens and bathrooms along with hardwood flooring.
Building improvements include 1,200-amp electrical service, newer porches, replacement windows, and a Weil-McLain boiler. The property is located at 7901 S Phillips Ave in Chicago’s South Shore neighborhood, along 79th Street, identified as one of the area’s main commercial corridors. In-place financial metrics include a cap rate above 10% and an 18.68% cash return.
Building improvements include 1,200-amp electrical service, newer porches, replacement windows, and a Weil-McLain boiler. The property is located at 7901 S Phillips Ave in Chicago’s South Shore neighborhood, along 79th Street, identified as one of the area’s main commercial corridors. In-place financial metrics include a cap rate above 10% and an 18.68% cash return.
Key Highlights
- 34‑unit mixed‑use property with seven storefronts
- Unit mix includes 16 two‑bedroom/one‑bath, nine one‑bedroom/one‑bath, and two studio apartments
- Majority of residences have renovated kitchens and baths with hardwood floors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 60617, IL
77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
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 - Apartment property with renovated residences, storefronts, and updated core building systems on a major South Shore commercial corridor.
Where is this apartment building located?
The property is located at 7901 S Phillips Ave Chicago, IL.
What are key features of this property?
This property features: 34‑unit mixed‑use property with seven storefronts; Unit mix includes 16 two‑bedroom/one‑bath, nine one‑bedroom/one‑bath, and two studio apartments; Majority of residences have renovated kitchens and baths with hardwood floors
