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South Chicago 3-flat with Value Add Potential 7751 S Phillips Ave 4,000 SF 100% Leased Industrial Building Chicago, IL 60649 $415,000 ($103.75/SF) 7.70% Cap Rate

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Executive Summary

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 the right build-out, this space can be converted into an additional 1- or 2-bedroom unit, pushing total monthly rents to $5,100-$5,300 and stabilized property value well north of $550,000, a potential $130,000+ in forced equity for the right buyer. Whether you're an experienced investor looking to add a cash-flowing asset to your portfolio, or an owner-occupant ready to live in one unit while the other two cover your mortgage, 7751 S. Phillips delivers. Strong existing tenants, proven rents, and a clear path to increased value make this a rare find at this price point.

Property Facts

Price	$415,000	Rentable Building Area	4,000 SF
Price Per SF	$103.75	No. Stories	3
Sale Type	Investment or Owner User	Year Built/Renovated	1923/2022
Cap Rate	7.70%	Parking Ratio	0.75/1,000 SF
Property Type	Industrial	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$415,000
Price Per SF	$103.75
Sale Type	Investment or Owner User
Cap Rate	7.70%
Property Type	Industrial
Rentable Building Area	4,000 SF
No. Stories	3
Year Built/Renovated	1923/2022
Parking Ratio	0.75/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.