7641 S Phillips Avenue, Chicago, IL 60649

• 9 beds |
• 3 baths

Property Description

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!

Listing Status:

Active

Data Last Updated:

August 25, 2026 at 12:20AM

Listing Office:

Century 21 IMPACT : 850-212-1209

Listing Agent:

Jaiva Birch : 850-212-1209

MLS ID:

12737828

Interior

• Basement: Partially FinishedFull
• Heating: Natural GasForced AirSep Heating Systems - 2+

Exterior

• Parking: YesDetachedGarageParking spaces: 3

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 21303080110000

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple