NOT LISTED FOR SALE

7616 S Phillips Ave Chicago, IL 60649

South Shore Neighborhood
60 Beds
24 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $1,200,000

123 Days on Market

About This Home

As of December 2022

pleased to present 7616-7624 S. Phillips Ave, Chicago, IL 60649. The 24-unit multifamily property is located in the South Shore neighborhood of Chicago, IL. The unit mix consists of (12) two bedroom, one bath units and (12) three bedroom, one bath units. The property is approximately ten (10) miles directly south of the Loop, with convenient access to the Chicago Skyway and Lake Shore Drive. CTA bus stations are conveniently located on 76th St, which is walking distance from the property. The 75th St. (Grand Crossing) Metra station is also within walking distance. Additionally, Midway International Airport is approximately eleven (11) miles northwest of the property. The property, built in 1922, gives an investor an opportunity to acquire a value add opportunity.

Last Agent to Sell the Property

Tony Hardy

Keller Williams ONEChicago License #475139834 Listed on: 04/14/2022

Keller Williams ONEChicago

Co-Listed By

Travis Montgomery

Keller Williams ONEChicago License #475184338

Keller Williams ONEChicago

Last Buyer's Agent

Travis Montgomery

Keller Williams ONEChicago License #475184338

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,498

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 125x125
  • Additional Parcels

Bedrooms and Bathrooms

  • 60 Bedrooms
  • 24 Bathrooms

Additional Features

  • 3-Story Property
  • Courtyard

Community Details

  • 24 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,498

Year Built

Built in 1922

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 3
  • Year Built: 1922
  • Built Before 1978 (Y/N): Yes
  • Information: Othr-Call List Agent
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 60
  • Room: 0

Utilities

  • Heat/Ventilation: Other

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 125X125

Rental Info

  • Tenant Pays: Other
  • Board Number: 8

Multi Family

  • NumberOfUnitsTotal: 24
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 32498
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2015
Sold by
Equitybuild Inc
Bought by
Michigan Shore Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
3.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 23, 2015
Sold by
Phillips Courtyard Llc
Bought by
Equitybuild Inc

Purchase Details

Closed on
Apr 28, 2011
Sold by
Chicago Title Land Trust Company
Bought by
Phillips Courtyard Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,750
Interest Rate
0.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 3, 2004
Sold by
Cole Taylor Bank
Bought by
Chicago Title & Trust Co and Trust #1113726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.82%
Mortgage Type
Unknown
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Michigan Shore Apartments Llc $1,515,000 Attorney
Equitybuild Inc $725,000 First American Title Ins Co
Phillips Courtyard Llc $575,000 Chicago Title Land Trust Co
Chicago Title & Trust Co $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Michigan Shore Apartments Llc $1,950,000
Previous Owner Phillips Courtyard Llc $488,750
Previous Owner Chicago Title & Trust Co $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2022 12/20/22 Sold $1,200,000 0.0% --
08/17/2022 08/17/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $1,200,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $129 $852 $775 $77
2024 $129 $852 $775 $77
2023 $131 $611 $558 $53
2022 $131 $635 $558 $77
2021 $128 $635 $558 $77
2020 $141 $635 $558 $77
2019 $128 $635 $558 $77
2018 $125 $635 $558 $77
2017 $103 $480 $465 $15
2016 $99 $496 $496 $0
2015 $91 $496 $496 $0
2014 $81 $434 $434 $0
2013 $79 $434 $434 $0
Source: Public Records

Agents Affiliated with this Home

  • Tony Hardy

    Seller's Agent in 2022

    Tony Hardy

    Keller Williams ONEChicago

    (773) 575-6082

    4 in this area

    52 Total Sales

    Tony Hardy
    Section Image
  • Travis Montgomery

    Seller Co-Listing Agent in 2022

    Travis Montgomery

    Keller Williams ONEChicago

    (773) 946-8816

    4 in this area

    35 Total Sales

    Travis Montgomery
    Section Image

  • A

    Buyer Co-Listing Agent in 2022

    Ariana Abercrumbie

    Keller Williams ONEChicago

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11375919

Midwest Real Estate Data (MRED)

APN: 21-30-307-016-0000

Illinois Cook County Chicago 60649 South Shore

7616 S Phillips Ave, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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