Prime cash flow opportunity awaits the qualified rehabber/investor. $5500+/mo gross income potential once rehab is completed on this jumbo, legal, four-unit building. Rehab it, lease it and collect the rents. This is an AS-IS sale and the building is in need of a gut renovation. The building has been cleared of debris and has low taxes. The three main floors can easily be 3 bedroom/2 bath apartments, and the legal garden unit can be a well appointed 2 or 3 bedroom for enhanced rents. Plenty of room for parking in the rear. Excellent class A rehabbed neighboring properties that are professionally managed make this building and it's specific location ideal for reinvestment. Walk to Metra Electric, the Lakefront and Jeffery Jump Bus. This location has strong rental demand. SOLD AS IS. Corporate Owned. Buyer to verify all dimension, room counts, and data.
Property Map
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Property Details
Utilities
Heating Gas
Cooling
Water Lake Michigan, Public
Sewer Sewer-Public
Additional Information
Parking
Owned
Payment Calculator
Listing History
03-13-2018
Listed at $129,000
04-24-2018
Status changed to Under Contract
05-03-2018
Status changed to Active
08-01-2018
Status changed to Expired
Last Modified 8/1/18 12:05 AM
Nearby Transportation
Bus 75
0.2 mi
Bus 5
0.2 mi
Bus 95
0.2 mi
Bus 79
0.3 mi
Bus 71
0.3 mi
Bus 26
0.5 mi
Bus 6
0.5 mi
Bus 15
0.6 mi
Bus J14
0.6 mi
Bus 30
1.0 mi
Bus 28
1.1 mi
Bus 67
1.2 mi
Metra Electric
0.3 mi
I 90 East
1.1 mi
I 90 West
2.0 mi
I 94 West
3.1 mi
I 94 East
3.2 mi
Hwy 57
4.2 mi
I 90 East
4.2 mi
Hwy 57
4.9 mi
For More Information
(312) 528-9200
For more information about 7647 S Phillips, Chicago, IL 60649 contact Corcoran Urban Real Estate.
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Listing provided by Beals & Associates LTD
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
