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Street View
$400,000
Monthly Est:$1,991
7 Beds
4 Baths
--sqft
7751 S Phillips Ave, Chicago, IL 60649
$400,000
$1,991/moEst:
Get Pre-Approved
Multi Family
Built in 1923
$-- HOA
-- sqft lot
--/sqft
Description
Attention investors and house hackers, this South Chicago 3-flat checks every box. 7751 S. Phillips Ave offers immediate cash flow with serious value-add upside in one well-maintained package. The building features three income-producing units: two 2-bedroom/1-bath units currently leased at $1,300/month and one spacious 3-bedroom/1-bath unit at $1,500/month, generating $4,100/month and $49,200 annually in rental income at a 7.7 cap rate. The real opportunity is in the unfinished basement. With the right build-out, this space can be converted into an additional 1- or 2-bedroom unit, pushing total monthly rents to $5,100-$5,300 and stabilized property value well north of $550,000, a potential $130,000+ in forced equity for the right buyer. Whether you're an experienced investor looking to add a cash-flowing asset to your portfolio, or an owner-occupant ready to live in one unit while the other two cover your mortgage, 7751 S. Phillips delivers. Strong existing tenants, proven rents, and a clear path to increased value make this a rare find at this price point.
- Houzeo last checked: 1 hour ago
- Listing updated: August 4, 2026 at 5:06 am
- Listing Provided by: Jason Marsing (312) 508-1011 | Fulton Grace Realty (773) 698-6648
- Source: MRED MLS-IL | MLS#: 12560835
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12560835
MLS Status
Active
Days on Market
247
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Interior
Heating
Radiant, Radiator(s)
Sewer
Public Sewer
Construction
Year Built
Year Built: 1923
Home type
Multi Family
Construction Materials
Brick
Utilities & Energy
Parking Features
Off Alley, Alley Access, Yes, Owned
Water Source
Lake Michigan
Basement
Unfinished, Full, Walk Out Access
Price History
| Date | Event | Price |
|---|---|---|
07/29/2026 Source: | Price Decreased | $400,000 -3.61% $0/sqft |
07/07/2026 Source: | Listed for Sale | $415,000 $0/sqft |
07/04/2026 Source: | Listing Removed | $415,000 $0/sqft |
03/20/2026 Source: | Price Decreased | $415,000 -1.19% $0/sqft |
02/04/2026 Source: | Listed for Sale | $420,000 +50.00% $0/sqft |
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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 09, 2026, 12:00PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Oct 09, 2026, 12:00PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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