8010 S Phillips Avenue, Chicago, IL 60617

• 9 beds |
• 7 baths

Property Description

TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property's expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.

Listing Status:

Active

Data Last Updated:

October 11, 2026 at 2:19AM

Listing Office:

Smart Home Realty : 312-802-3759

Listing Agent:

Danica Matos : 312-802-3759

MLS ID:

12771712

Interior

• Basement: UnfinishedExterior EntryFullWalk-Out Access
• Heating: Natural GasForced AirSep Heating Systems - 2+

Exterior

• Parking: YesGarage OwnedDetachedGarageParking spaces: 3

Construction

• Roofing: Asphalt

Location

• HOA Amenities: SidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI21311080320000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple