7741 S Phillips Avenue — Chicago, IL 60649
Active Under Contract
Chicago, IL 60649

7741 S Phillips Avenue

$685,000
9 beds · 3 baths
Listed at $685,000 4 days on market $3,811/yr taxes
01About this home

Welcome to beautifully renovated 7741 S. Phillips Ave - a stunning, fully gut-rehabbed multi-unit property where everything has been rebuilt from the studs with exceptional craftsmanship and modern high-end finishes throughout. This massive building offers oversized units with spacious layouts, each featuring 3 large bedrooms, 1 beautifully designed bathroom, and in-unit laundry hookups for ultimate tenant convenience. No detail was overlooked in this complete transformation. Improvements include all new framing, insulation, plumbing, electrical, HVAC systems, roof, windows, flooring, kitchens, bathrooms, fixtures, and mechanicals. The property blends modern style with functional design, creating a truly turnkey investment opportunity or ideal owner-occupant property. Each unit showcases gorgeous kitchens with brand-new stainless steel appliances, stylish cabinetry, updated countertops, and contemporary finishes throughout. The bathrooms feature beautiful tile work and modern fixtures, while the basement includes brand-new drain tile for added peace of mind and long-term value. With strong projected rental income of approximately $2,200 per unit, this property offers excellent cash-flow potential in a rapidly appreciating area. Whether you're an investor looking for a low-maintenance asset or an owner-occupant seeking luxury living with rental income, this property checks every box. Completely rebuilt. Fully turnkey. Massive units. Modern finishes. Strong income potential. A rare opportunity you do not want to miss.

02Inside the home
03By the numbers
$685,000
List price
Square feet
9
Bedrooms
3
Bathrooms
1926
Year built
Lot size
3
Garage spaces
$3,811
Annual taxes
Two to Four Units
Style
4
Days on market
04Features
Heating
Forced AirSteam
Parking
Garage OwnedDetachedGarage
Construction
Brick
Sewer
Public Sewer
05Neighborhood
  • 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
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 12, 2026
Listed for saleThis listing
Berg Properties
$685,000
Oct 9, 2025
Sold
SR Realty Group Inc. · 4 days on market
$239,900
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Berg Properties · Colleen Berg
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12645351