7641 S Phillips Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $3,979/month
About This Home
This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,103
Year Built
- Built in 1925 | Remodeled in 2026
Parking
- 3 Car Detached Garage
- Parking Available
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,600 | $34,100 | $2,790 | $31,310 |
| 2024 | $3,600 | $34,100 | $2,790 | $31,310 |
| 2023 | $3,497 | $17,000 | $4,650 | $12,350 |
| 2022 | $3,497 | $17,000 | $4,650 | $12,350 |
| 2021 | $3,419 | $17,000 | $4,650 | $12,350 |
| 2020 | $4,054 | $18,200 | $3,348 | $14,852 |
| 2019 | $4,155 | $20,682 | $3,348 | $17,334 |
| 2018 | $4,085 | $20,682 | $3,348 | $17,334 |
| 2017 | $4,091 | $19,002 | $2,976 | $16,026 |
| 2016 | $3,806 | $19,002 | $2,976 | $16,026 |
| 2015 | $3,482 | $19,002 | $2,976 | $16,026 |
| 2014 | $2,703 | $14,568 | $2,604 | $11,964 |
| 2013 | $3,429 | $18,853 | $2,604 | $16,249 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2026 09/11/26 | Pending | -- | -- | -- |
| 08/19/2026 08/19/26 | For Sale | $600,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $255,000 | First American Title | |
| Warranty Deed | $101,666 | Attorneys Natl Title Network |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12737828
APN: 21303080110000
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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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 7600 S Phillips Ave
- 7611 S Essex Ave
- 7732 S Phillips Ave
- 2509 E 76th St Unit 1
- 2511 E 76th St Unit 3
- 7601 S Essex Ave Unit 2
- 7724 S Essex Ave
- 7730 S Essex Ave
- 7544 S Essex Ave
- 7741 S Yates Blvd
- 7751 S Phillips Ave
- 7726 S Kingston Ave
- 7719 S Kingston Ave
- 7727 S Colfax Ave
- 7721 S Colfax Ave
- 7648 S Luella Ave
- 7840 S Essex Ave
- 7544 S Saginaw Ave
- 2646 E 77th St
- 7754 S Saginaw Ave
Ask me questions while you tour the home.