Property Listing No Longer Available for Sale

8016 S Phillips Avenue, Chicago, IL

Others for Sale - $799,000


Property Info

CIMLS#1120718
Location
  8016 S Phillips Avenue
  Chicago IL 60617
UpdatedJune 22nd, 2022
TypeOthers
Price$799,000

Property Description

The best & easiest investment in Chicago! Start making cash on Day 1. Each unit is 3 bed/2 bath, designed to maximize the rental income. Building is fully rented. Rents are at the top of the market, & the building is fully occupied. All the work has been done. Each unit has its own furnace with forced gas heat. Each unit has its own elec/gas meter. New roof, windows, tuckpointing, exterior stairs, & electrical. Perfect for even the most conservative investor. Get in on the ground floor of this fast-moving area. The total square footage for each apartment is about 1,300. The basement is ready to be finished off for another rental, or coin laundry for added cash flow. Out back is a great detached brick 4 car garage. Close proximity to the Obama Center, University of Chicago, Lake Michigan, & downtown. This building is perfect for your buyer. Nothing to do on this property except sit back & watch your investment grow.


Financials


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