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7751 S Phillips Avenue

Chicago, IL 60649

7751 S Phillips Avenue, Chicago, IL 60649 — exterior front view
7751 S Phillips Avenue, Chicago, IL 60649 — exterior view
7751 S Phillips Avenue, Chicago, IL 60649 — exterior view

7751 S Phillips Avenue

Chicago, IL

$415,000

ActiveMLS #MRD12560835

7751 S Phillips Avenue

Chicago, IL 60649

$415,000

Reduced $5,000

List Price

7

Bedrooms

4

Bathrooms

About This Property

Attention investors and house hackers, this South Chicago 3-flat checks every box. 7751 S. Phillips Ave offers immediate cash flow with serious value-add upside in one well-maintained package. The building features three income-producing units: two 2-bedroom/1-bath units currently leased at $1,300/month and one spacious 3-bedroom/1-bath unit at $1,500/month, generating $4,100/month and $49,200 annually in rental income at a 7.7 cap rate. The real opportunity is in the unfinished basement. With...

Property Details

Key Facts

Overview
Property TypeResidential Income
Bedrooms7
Bathrooms4
Days on Market161
Building
StyleOther
Year Built1923
Lot Size25x125
CountyCook
HeatingRadiant, Radiator(s)
BasementUnfinished, Full, Walk-Out Access
ExteriorBrick
Parking Spaces3
WaterLake Michigan
SewerPublic Sewer
Lot Dimensions25x125
MLS #MRD12560835
Days on Market161
List DateFebruary 3, 2026
StatusActive
Annual Taxes$3,388
Listing Courtesy OfFulton Grace Realty

Price reduced

$415,000

$5,000

Mar 20, 2026

Listed for sale

MLS #MRD12560835

$420,000

Feb 4, 2026

Mortgage Estimate

$2,381

/month
Principal & Interest
$2,098
Property Taxes
$282
20% · $83,000
6.5%

Location

South Shore · 7751 S Phillips Avenue, Chicago, IL 60649

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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