NOT LISTED FOR SALE

8028 S Phillips Ave Chicago, IL 60617

South Chicago Neighborhood
8 Beds
7 Baths
-- Sq Ft
1928 Built

Sale Details

Date Sold: March 16, 2022

Last sale price $371,000

12 Days on Market

Highlights

  • 3 Car Detached Garage
  • Paved or Partially Paved Lot
  • 3-minute walk to Eckersall (Walter Herbert) Park
  • Forced Air Heating System

About This Home

As of March 2022

AMAZING INVESTMENT OPPORTUNITY IN THIS WELL MAINTAINED, BRICK 4-FLAT W/ 3 CAR GARAGE & STORAGE AREA IN BASEMENT. READY FOR RENTAL! BUILDING FEATURES 8 BEDROOMS, 4 BATHS & 3 HALF BATHS - BASEMENT UNIT: 1 BDRM, 1 BATH UNIT W/ FULL KITCHEN & BATH. HUGE 1ST FLR UNIT (OCCUPIED): 2 BDRM, 1.1 BATH UNIT W/ LIVING ROOM & DINING ROOM. HUGE 2ND FLR UNIT: 3 BEDRM (TANDEM), 1.1 BATH UNIT W/ LIVING ROOM & DINING ROOM. HUGE 3RD FLR UNIT: 2 BDRM, 1.1 BATH UNIT W/ DINING ROOM & LIVING ROOM. NEWLY REFINISHED HARDWOOD FLOORS THROUGHOUT. NEW GARAGE ROOF TO BE INSTALLED. PROPERTY IS IN GOOD CONDITION W/ MANY UPDATES. BOILER SYSTEM SERVICED BY LICENSED HVAC CONTRACTOR. AS SUCH, PROPERTY IS TO BE CONVEYED IN "AS-IS" CONDITION. 1ST FLR UNIT LONG TERM SECTION 8 TENANT. WELL MAINTAINED UNITS WILL COMMAND TOP RENTS FOR THE AREA TO SAVVY INVESTORS OR LIVE IN ONE UNIT & RENT THE OTHERS.

Last Agent to Sell the Property

Rachel Frenzel

HomeSmart Realty Group License #475178663 Listed on: 01/21/2022

HomeSmart Realty Group

Co-Listed By

James Kolar

HomeSmart Realty Group License #471004472

Last Buyer's Agent

Eric Garza

Coldwell Banker Realty License #475197269

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,251

Year Built

  • Built in 1928

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 7 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Lot Details

  • Lot Dimensions are 35 x 125
  • Paved or Partially Paved Lot

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,251

Year Built

Built in 1928

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator
  • MRD_AP2: Stove,Refrigerator
  • MRD_AP3: Stove,Refrigerator,Dishwasher
  • MRD_AP4: Stove,Refrigerator,Microwave
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Basement Description: Finished,Exterior Access,Storage Space
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3251.28
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat
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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
03/16/2022 03/16/22 Sold $371,000 +6.0% --
02/02/2022 02/02/22 Pending -- -- --
02/02/2022 02/02/22 For Sale -- -- --
01/24/2022 01/24/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $349,900 -- --
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 $5,697 $36,800 $3,255 $33,545
2024 $5,697 $36,800 $3,255 $33,545
2023 $5,553 $27,000 $4,340 $22,660
2022 $5,553 $27,000 $4,340 $22,660
2021 $4,760 $27,000 $4,340 $22,660
2020 $3,251 $17,697 $4,340 $13,357
2019 $3,398 $20,342 $4,340 $16,002
2018 $3,340 $20,342 $4,340 $16,002
2017 $4,111 $22,473 $3,906 $18,567
2016 $4,340 $24,168 $3,906 $20,262
2015 $3,948 $24,168 $3,906 $20,262
2014 $4,016 $24,215 $3,038 $21,177
2013 $4,185 $25,638 $3,038 $22,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rachel Frenzel

    HomeSmart Realty Group

    (312) 804-2905

    1 in this area

    70 Total Sales

    Rachel Frenzel
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    James Kolar

    HomeSmart Realty Group

    (773) 988-9308

    1 in this area

    70 Total Sales

    James Kolar
    Section Image
  • Eric Garza

    Buyer's Agent in 2022

    Eric Garza

    Coldwell Banker Realty

    (708) 524-1100

    4 in this area

    27 Total Sales

    Eric Garza
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11308998

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

8028 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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