For Sale Multi-Family MLS# 12771712

8010 S Phillips Avenue

Chicago, IL 60617

$479,900

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About 8010 S Phillips Avenue

TURNKEY + VALUE-ADD opportunity in South Shore! REHAB/RENOVATION FINANCING REQUIRED due to the remaining work in the legal garden unit. This is a LEGAL 4-UNIT. Three spacious 3-bedroom, 1.1-bath units have been fully rehabbed with updated mechanicals, new bathrooms, kitchens, flooring and light fixtures. All three units are VACANT and ready to lease at current market rents, allowing the next owner to select their own tenants and start generating rental income immediately. The legal 4th garden unit is a 1-bedroom, 1-bath offering even more rental income once the remaining improvements are completed. The three large upper units are ready to rent and can help support the property's expenses while the final unit is completed. A 3-car garage plus basement common area offer additional income potential through garage parking and coin laundry. An excellent opportunity for an investor or owner-occupant. FHA 203(k), Fannie Mae HomeStyle or other qualifying renovation financing required. Sold As-Is.

Property details

Property

Type
multi
Year built
1926
List date
Sep 28, 2026

Schools

District
Chicago Public School District 299

Location

Subdivision
SOUTH CHICAGO
Neighborhood
SOUTH CHICAGO

Location

Neighborhood
SOUTH CHICAGO
School district
Chicago Public School District 299

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Listed by Danica Matos, Smart Home Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.