7600 S Phillips Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $6,893/month
About This Home
7600 S Phillips Avenue offers a compelling 14-unit multifamily investment in Chicago's South Shore neighborhood, strong fundamentals and long-term upside. The building features a desirable mix of unit layouts, including one one-bedroom unit, eight two-bedroom units, and five three bedroom units, appealing to a broad tenant base seeking spacious housing in a well-established lakefront-adjacent community
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,518
Year Built
- Built in 1927
Additional Features
- 4-Story Property
- Lot Dimensions are 50x60
- Heating System Uses Gas
Community Details
Overview
- 14 Units
Building Details
- Electric Expense $4,032
- Fuel Expense $12,936
- Insurance Expense $14,000
- Maintenance Expense $12,600
- Other Expense $5,000
- Trash Expense $6,720
- Water Sewer Expense $11,256
- Operating Expense $94,455
- Gross Income $203,889
- Net Operating Income $109,434
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,399 | $77,000 | $10,025 | $66,975 |
| 2024 | $14,399 | $77,000 | $10,025 | $66,975 |
| 2023 | $13,987 | $68,005 | $7,218 | $60,787 |
| 2022 | $13,987 | $68,005 | $7,218 | $60,787 |
| 2021 | $13,675 | $68,004 | $7,218 | $60,786 |
| 2020 | $13,637 | $61,215 | $7,218 | $53,997 |
| 2019 | $12,299 | $61,215 | $7,218 | $53,997 |
| 2018 | $12,092 | $61,215 | $7,218 | $53,997 |
| 2017 | $10,862 | $50,459 | $6,015 | $44,444 |
| 2016 | $10,106 | $50,459 | $6,015 | $44,444 |
| 2015 | $9,246 | $50,459 | $6,015 | $44,444 |
| 2014 | $10,436 | $56,246 | $6,015 | $50,231 |
| 2013 | $10,230 | $56,246 | $6,015 | $50,231 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $1,050,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12625316
APN: 21-30-307-012-0000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 7634 S Phillips Ave
- 7637 S Phillips Ave
- 7618 S Yates Blvd
- 7628 S Essex Ave Unit 1N
- 7641 S Phillips Ave
- 7628 S Yates Blvd
- 7601 S Essex Ave Unit 2
- 7611 S Essex Ave
- 7724 S Essex Ave
- 7741 S Phillips Ave
- 7741 S Oglesby Ave
- 7751 S Phillips Ave
- 7719 S Kingston Ave
- 7412 S Phillips Ave
- 7400 S Phillips Ave
- 2459 E 74th St
- 2469 E 74th St
- 7544 S Saginaw Ave
- 7717 S Luella Ave
- 7721 S Colfax Ave
- 7649 S Yates Blvd Unit 3
- 7637 S Essex Ave Unit 2
- 7505 S Yates Blvd Unit 1
- 7515 S Essex Ave Unit 2
- 7515 S Essex Ave Unit 3
- 7515 S Essex Ave Unit 1
- 7601 S Kingston Ave
- 7615 S Kingston Ave Unit 2
- 7617 S Kingston Ave Unit 1A
- 7526-7536 S Colfax Ave
- 7729 S Essex Ave Unit 2
- 7729 S Essex Ave
- 7617 S Colfax Ave Unit 103
- 2444 E 78th St Unit 3
- 7754 S Yates Blvd
- 7737 S Kingston Ave Unit 3N
- 7608 S Saginaw Ave
- 7800 S Yates Blvd Unit 2
- 7743 S Kingston Ave
- 7350 S Phillips Ave
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