Seller's Agent in 2025
Sohail Salahuddin
eXp Realty
(312) 818-2878
1 in this area
357 Total Sales
7515 S Phillips Ave Chicago, IL 60649
South Shore Neighborhood
--
Bed
--
Bath
10,179
Sq Ft
1921
Built
About This Home
As of August 2025Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!
Last Agent to Sell the Property
eXp Realty License #471012075 Listed on: 05/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,569
Year Built
- Built in 1921
Interior Spaces
- 3-Story Property
Utilities
- Window Unit Cooling System
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Operating Expense $37,314
- Gross Income $7,408
- Net Operating Income $48,622
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Sold | $500,000 | 0.0% | $49 / Sq Ft |
| 06/03/2025 06/03/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | For Sale | $499,900 | +11.1% | $49 / Sq Ft |
| 07/19/2019 07/19/19 | Sold | $450,000 | 0.0% | -- |
| 05/02/2019 05/02/19 | Pending | -- | -- | -- |
| 04/27/2019 04/27/19 | For Sale | $450,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Sohail Salahuddin
-
Darvel Desroches
Buyer's Agent in 2025
Darvel Desroches
1804 Realty Group LLC
2 in this area
20 Total Sales
-
Alisha Harris
Seller's Agent in 2019
Alisha Harris
Alisha Harris
(708) 317-8422
2 in this area
15 Total Sales
-
Don Beard
Buyer Co-Listing Agent in 2019
Don Beard
eXp Realty
(773) 569-0889
75 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12368959
APN: 21303010050000
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