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  • $685,000

    7741 S Phillips Ave, Chicago, IL 60649

    9beds
    --sqft
    Multi Family
    Built in 1926
    -- sqft lot
    $687,800 Zestimate®
    $--/sqft
    $1,618 Estimated rent

    Home value

    $687,800

    $626,000 - $757,000

    $1,618/mo

    Zestimate® history
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    $1,618/mo

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    $4,795/mo

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    What's special

    Modern finishesModern fixturesStylish cabinetryContemporary finishes throughoutGorgeous kitchensBeautifully designed bathroomMassive units
    Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

    Zillow last checked:

    Listing courtesy of:

    Scott Berg 888-276-9959,

    Berg Properties

    Bought with:

    Melanie Giglio

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 12645351MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Steam
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 3
    • Parking features: Yes, Garage Owned, Detached, Garage
    • Garage spaces: 3
    Lot
    • Size: 3,720 sqft
    Details
    • Parcel number: 21303190110000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1926
    • Major remodel year: 2026

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/5/2026Sold$685,000
    Source: MRED as distributed by MLS GRID #12645351 Report a problem
    5/15/2026Contingent$685,000
    Source: MRED as distributed by MLS GRID #12645351 Report a problem
    5/12/2026Listed for sale$685,000+185.5%
    Source: MRED as distributed by MLS GRID #12645351 Report a problem
    10/9/2025Sold$239,900
    Source: MRED as distributed by MLS GRID #12465509 Report a problem
    9/9/2025Contingent$239,900
    Source: MRED as distributed by MLS GRID #12465509 Report a problem
    9/7/2025Listed for sale$239,900
    Source: MRED as distributed by MLS GRID #12465509 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $38,100 +111.7%
    2023$3,811 +2.9%$18,000
    2022$3,702 +2.3%$18,000
    2021$3,620 -20.9%$18,000 -12.4%
    2020$4,578 -2.4%$20,552 -12%
    2019$4,692 +1.7%$23,355
    2018$4,613 -5.6%$23,355 +2.9%
    2017$4,885 +44.2%$22,694
    2016$3,388 -7.9%$22,694
    2015$3,678 +0.4%$22,694 +1.7%
    2014$3,664 +2.3%$22,318
    2013$3,581 +10.6%$22,318
    2012$3,237 -23.3%$22,318 -20.4%
    2011$4,219 +11.7%$28,055
    2010$3,776 +9.5%$28,055
    2009$3,449 -23.4%$28,055 -26.4%
    2008$4,504 +9.5%$38,113
    2007$4,115 +22.8%$38,113
    2006$3,351 +5.8%$38,113 +47.1%
    2005$3,167 +1.9%$25,903
    2004$3,107 +4.5%$25,903
    2003$2,975 -5.4%$25,903 +34%
    2002$3,145 +12.3%$19,328
    2001$2,802 +18%$19,328
    2000$2,374 $19,328 +24.9%
    1999-- $15,469

    Find assessor info on the county website

    Neighborhood: South Shore

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $687,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $687,800