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Legal 4-Unit Quadplex with Garage
For Sale
$489,000

8010 S Phillips Ave, Chicago, IL 60617

Three renovated units are vacant, while the garden unit offers additional improvement potential.

Property SizeContact for details
Days on Market9

Property Features for 8010 S Phillips Ave

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi-Family

Units

Unit Mix 3 x 3BR/1.1BA, 1 x 1BR/1BA
Multifamily Units 4

Amenities

coin laundry

Building Details

Year Built 1926
Listing Agency: Fulton Grace Realty
Listed By: Thomas Bezanes · License #471018395
Source: Highriseschicago
Added: Aug 26 Changed: Sep 3 Last Checked: Sep 2 at 5:06PM

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 Fulton Grace Realty

Investment Insights

Based on property information with market context.

Built in 1926, this legal four-unit quadplex includes three 3-bedroom, 1.1-bath apartments that have been fully rehabilitated with updated mechanical systems. These units are vacant and ready for leasing. The fourth apartment is a 1-bedroom, 1-bath garden unit with remaining improvements to complete. The property is being sold as-is.

The building also includes a 3-car garage and a basement common area with coin laundry. Garage parking and laundry provide additional sources of rental income. Located at 8010 S Phillips Ave in Chicago, the property offers a combination of completed residential improvements and an unfinished unit within one multifamily asset.

Key Highlights

  • Legal 4‑unit multifamily property built in 1926
  • Three 3‑bedroom, 1.1‑bath units fully rehabilitated with updated mechanicals
  • Three renovated units are vacant and ready to lease

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Building Supply Real Estate Agency (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

4
Residential units

Location Intelligence

Trade Area within ½ mile

751
Businesses Nearby

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

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

What type of property is this?
Quadplex - Three renovated units are vacant, while the garden unit offers additional improvement potential.
Where is this quadplex located?
The property is located at 8010 S Phillips Ave Chicago, IL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Legal 4‑unit multifamily property built in 1926; Three 3‑bedroom, 1.1‑bath units fully rehabilitated with updated mechanicals; Three renovated units are vacant and ready to lease
More about this property
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