MLS® ID: 10482554
7424 South Phillips Avenue
Chicago, Illinois, 60649 $279,000
Awesome income producing investment property in the south shore neighborhood! This owner has MAXIMIZED his rental income by renting each of the 13 rooms individually. Current rent per month is $3,425. When full, at the current rates, the potential rent is $5,425!!! Many recent projects have been completed: Brand NEW ELECTRIC, NEW rear porches, recently tuck pointed. Living space in basement was recently permitted and brought up to code. FURNISHED UNITS. All furniture stays. The property does need some cosmetic upgrades. This WILL NOT last long! Conveniently located! Hop onto lake shore drive and be down town in less than 20 minutes. Just a couple blocks from the wonderful south shore cultural center and a few short minutes to 63rd street beach. Easy walk to CTA bus and Metra train.