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7648 S Phillips Ave
Chicago, IL 60649
Multifamily Property For Sale
·
31 Units
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- 18 Subsidy Tenants
- Laundry Facilities On-Site
- Great In-Place Rents: Investor to Receive 10.6% Cap Returns on Day One
- Unit Mix of Studio, One, Two, and Three Bedroom Units
- Close Proximity to The Obama Presidential Library and Proposed Quantum Computing Campus
Property Facts
| No. Units | 31 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 27,693 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1925 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 27,693 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 700 |
| 1+1 | 13 | - | 800 |
| 2+1 | 9 | - | 900 |
| 2+2 | 3 | - | 950 |
Property Taxes
| Parcel Number | 21-30-307-022-0000 | Improvements Assessment | $201,760 |
| Land Assessment | $18,240 | Total Assessment | $220,000 |
Property Taxes
Parcel Number
21-30-307-022-0000
Land Assessment
$18,240
Improvements Assessment
$201,760
Total Assessment
$220,000
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