NOT LISTED FOR SALE

7627 S Phillips Ave Chicago, IL 60649

South Shore Neighborhood
12 Beds
6 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold January 22, 2016

Last sale price $237,850

35 Days on Market

About This Home

As of January 2016

AMAZING SOUTH SHORE INVESTMENT OPPORTUNITY! Brick 6 unit partially renovated building in good condition. Fully occupied and ready for investors to step in and begin collecting rent. Huge 2BR units with formal dining, hardwood flooring, sun room, and interior and exterior updates. Large brick 6 car garage with new doors; with addtl rental income. TURN-KEY INVESTMENT OPPORTUNITY YOU WON'T WANT TO MISS! ALSO CAN BE PURCHASED AS A PACKAGE DEAL WITH 7425 S KINGSTON.

Last Agent to Sell the Property

Britta Welbon-Rivera

Baird & Warner License #471012139 Listed on: 10/21/2015

Baird & Warner

Last Buyer's Agent

Jonathan Siegle

HomeSmart Connect LLC License #475150992

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1914

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $9,900
  • Insurance Expense $4,200

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1914

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 45672
  • Roof Structure: Flat
  • Scavenger Expense: 1380
  • Total Annual Exp: 18432
  • Total Annual Income: 64104
  • Total Monthly Income: 5342
  • Number Of Stories: 3
  • Estimated Year Built: 1914
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1914

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.16

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Gas
  • Water Expense: 2352

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 900
  • Janitor Expense: 2400

Lot Info

  • Lot Dimensions: 58X124
  • Lot Sq Ft: 7128
  • Parcel Identification Number: 21303080070000

Rental Info

  • Gross Rental Income: 64104
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 9900
  • Insurance Expense: 4200

Tax Info

  • Taxes: 5268
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2016 01/22/16 Sold $237,850 -13.5% --
11/25/2015 11/25/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $274,900 -- --
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 $4,870 $51,200 $5,580 $45,620
2024 $4,870 $51,200 $5,580 $45,620
2023 $4,731 $23,000 $9,300 $13,700
2022 $4,731 $23,000 $9,300 $13,700
2021 $4,625 $23,000 $9,300 $13,700
2020 $4,747 $21,311 $6,696 $14,615
2019 $4,866 $24,218 $6,696 $17,522
2018 $4,784 $24,218 $6,696 $17,522
2017 $5,120 $23,785 $5,952 $17,833
2016 $4,764 $23,785 $5,952 $17,833
2015 $5,885 $32,116 $5,952 $26,164
2014 $5,268 $30,964 $5,208 $25,756
2013 $5,153 $30,964 $5,208 $25,756
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Siegle

    Buyer's Agent in 2016

    Jonathan Siegle

    The McDonald Group

    (312) 285-3685

    6 Total Sales

    Jonathan Siegle
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09068853

Midwest Real Estate Data (MRED)

APN: 21303080070000

Illinois Cook County Chicago 60649 South Shore

7627 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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