Awesome income producing investment property in the south shore neighborhood! This owner has MAXIMIZED his rental income by renting each of the 13 rooms individually. Current rent per month is $3,425. When full, at the current rates, the potential rent is $5,425!!! Many recent projects have been completed: Brand NEW ELECTRIC, NEW rear porches, recently tuck pointed. Living space in basement was recently permitted and brought up to code. FURNISHED UNITS. All furniture stays. The property does need some cosmetic upgrades. This WILL NOT last long! Conveniently located! Hop onto lake shore drive and be down town in less than 20 minutes. Just a couple blocks from the wonderful south shore cultural center and a few short minutes to 63rd street beach. Easy walk to CTA bus and Metra train.
Property Map
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Property Details
Utilities
Heating Gas
Cooling
Water Lake Michigan
Sewer Sewer-Public
Additional Information
Parking
Garage On Site, Owned
Payment Calculator
Listing History
08-12-2019
Listed at $305,000
08-21-2019
Price decreased by $10,000 to $295,000
09-13-2019
Price decreased by $10,100 to $284,900
10-16-2019
Price decreased by $5,900 to $279,000
02-07-2020
Status changed to Cancelled
Last Modified 2/7/20 10:55 AM
Nearby Transportation
Bus 75
0.1 mi
Bus 5
0.1 mi
Bus 95
0.1 mi
Bus 71
0.2 mi
Bus 26
0.4 mi
Bus 6
0.4 mi
Bus 15
0.6 mi
Bus J14
0.6 mi
Bus 79
0.6 mi
Bus 67
0.9 mi
Bus 28
1.1 mi
Bus 30
1.1 mi
Metra Electric
0.3 mi
I 90 East
1.1 mi
I 90 West
2.3 mi
I 94 West
3.1 mi
I 94 East
3.2 mi
Hwy 57
4.4 mi
I 90 East
4.5 mi
For More Information
(312) 528-9200
For more information about 7424 S Phillips, Chicago, IL 60649 contact Corcoran Urban Real Estate.
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