7751 S Phillips Avenue
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.
- McDonald's 0.2 mi
- Subway 0.2 mi
- Imani's Original 0.3 mi
- Taste Jamaica 0.3 mi
- Rainbow Beach Sub Shop 0.4 mi
- L&G Restaurant 0.4 mi
- Citgo 0.2 mi
- Citgo 0.3 mi
- Citgo 0.4 mi
- El Barakah Supermarket 0.7 mi
- Mobil Mart 0.7 mi
- Jordan Valley Food 0.8 mi
- Eckersall Park 0.6 mi
- Rosenblum Park 0.8 mi
- Rainbow Beach Park 0.8 mi
- Dinah Washington Park 0.9 mi
- South Shore Cultural Center 1.1 mi
- Hasan Park 1.1 mi
- Urban Luxe Café 0.6 mi
- Chef Sara's Cafe 0.7 mi
- Heritage Cafe 0.8 mi
- South Shore Brew 0.8 mi
- Starbucks 1.3 mi
- Dunkin' 1.4 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12560835