Listing provided courtesy of Berg PropertiesMREDas Distributed by MLSGrid- MLS# 12660519MLS Provider

7732 S Phillips AvenueChicago, IL 60649

Multi-Family · 9 Beds
$700,000 Active

7732 S Phillips Avenue Overview

Time on Site:
28 days
Visits:
0

Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2,300 per month for each of the three above-grade units and an estimated $1,800 per month for the finished garden unit, the property offers potential gross rental income of approximately $8,700 per month, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.

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7732 S Phillips Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1923

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore
  • Township: South Chicago

Tax Information

  • Tax Annual Amount: $3,109.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 21303180210000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 7
  • Bedrooms Total: 11
  • Bedrooms Possible: 11
  • Full Baths Building: 7

General Information

  • Basement: Unfinished, Full
  • Heating: Forced Air, Steam
  • Rooms Total: 24

Exterior

Parking Information

  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 3720
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 3
  • Baths Total: 2

7732 S Phillips Avenue Neighborhood

Community

60649 (CHICAGO) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7732 S Phillips Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7732 S Phillips Avenue Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

7732 S Phillips Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/22/2026Source: MRED Status Change
Re-activated
6/8/2026Source: MRED Status Change
Contingent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Added to Database
June 02, 2026
5/19/2025Source: MRED Status Change
Closed
10/10/2024Source: MRED Status Change
Contingent
10/9/2024Source: MRED Status Change
Active
10/4/2024Source: MRED Status Change
Re-activated
8/23/2024Source: MRED Status Change
Contingent
7/17/2024Source: MRED Status Change
Active
7/12/2024Source: MRED Price Increase
$275,000 9.6%
7/12/2024Source: MRED Status Change
Re-activated
6/14/2024Source: MRED Status Change
Auction
6/12/2024Source: MRED Added to Database
June 12, 2024