8010 S Phillips Avenue, Chicago, IL

$489,000

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9

Beds

About 8010 S Phillips Avenue

TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property's expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.

Features of 8010 S Phillips Avenue

MLS® # 12740698
Price $489,000
Bedrooms 9
Bathrooms 0.00
Year Built 1926
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 8010 S Phillips Avenue
Area CHI - South Chicago
City Chicago
County Cook
State IL
Zip Code 60617

Amenities

Parking Spaces 3
Parking Yes, Garage Owned, Detached, Garage
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace No
Has Basement Yes
Basement Unfinished, Exterior Entry, Full, Walk-Out Access

Exterior

Exterior Brick
Roof Asphalt

School Information

District 299

Additional Information

Days on Market 13
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSmart Home Realty

Listing Map

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