NOT LISTED FOR SALE

8025 S Phillips Ave Chicago, IL 60617

South Chicago Neighborhood
10 Beds
7 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold August 26, 2022

Last sale price $410,000

4 Days on Market

Highlights

  • 3 Car Detached Garage
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Porch
  • Multiple Water Heaters
  • 3-minute walk to Eckersall (Walter Herbert) Park

About This Home

As of August 2022

Jumbo 4- unit building in excellent condition hosting (3) oversized 3 bed/1.5 bath units and (1) 1 bed/1 bath unit in English basement. Each 3 bed unit features hardwood floors, a huge living area, kitchen w/ stainless appliances and spacious bedrooms w/ walk-in closets. Building has copper plumbing and each unit is supplied with individual gas forced heat, electric, and water so tenants pay all utilities. Updated 1st floor unit also has forced AC. Building has newer rear porch/stairs, fresh tuckpointing at the front & roof is only 3-4 years old. Furnace & AC on 1st floor is approx 1 year old & 3rd floor furnace is approx 3-4 years old. Basement utility area hosts common laundry facilities. Property has a side drive with parking + 3 car garage. 8025 S Phillips has been mostly family occupied and would make an excellent owner occupied property or investment w/ CAP Rate between 10%-12% w/ little-to-no work needed! Come see!

Last Agent to Sell the Property

Ashley Dirks

Fathom Realty IL LLC License #475162368 Listed on: 06/20/2022

Fathom Realty IL LLC

Last Buyer's Agent

Daniel Barrios

Berkshire Hathaway HomeServices Starck Real Estate License #475178968

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,785

Year Built

  • Built in 1922

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 35x125
  • Paved or Partially Paved Lot
  • Additional Parcels

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 7 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,785

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 7
  • Total Bedrooms: 10
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Brick/Mortar
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.05
  • Lot Dimensions: 35X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Water

Tax Info

  • Tax Annual Amount: 3785
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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
08/26/2022 08/26/22 Sold $410,000 +2.5% --
06/25/2022 06/25/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $1,586 $15,761 $1,367 $14,394
2024 $1,586 $15,761 $1,367 $14,394
2023 $1,546 $7,517 $1,822 $5,695
2022 $1,546 $7,517 $1,822 $5,695
2021 $1,511 $7,516 $1,822 $5,694
2020 $1,815 $8,149 $1,822 $6,327
2019 $1,892 $9,419 $1,822 $7,597
2018 $1,861 $9,419 $1,822 $7,597
2017 $2,358 $10,952 $1,639 $9,313
2016 $2,194 $10,952 $1,639 $9,313
2015 $2,007 $10,952 $1,639 $9,313
2014 $2,040 $10,993 $1,275 $9,718
2013 $1,999 $10,993 $1,275 $9,718
Source: Public Records

Agents Affiliated with this Home

  • Ashley Dirks

    Seller's Agent in 2022

    Ashley Dirks

    Fathom Realty IL LLC

    (530) 864-4808

    1 in this area

    90 Total Sales

    Ashley Dirks
    Section Image
  • Daniel Barrios

    Buyer's Agent in 2022

    Daniel Barrios

    Berkshire Hathaway HomeServices Starck Real Estate

    (847) 323-8510

    4 in this area

    267 Total Sales

    Daniel Barrios
    Section Image
  • Marisol Ramirez

    Buyer Co-Listing Agent in 2022

    Marisol Ramirez

    Berkshire Hathaway HomeServices Starck Real Estate

    (815) 922-6838

    2 in this area

    163 Total Sales

    Marisol Ramirez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11393097

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60617 South Chicago

8025 S Phillips Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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