0 Beds

$1,695,000

7801 S PHILLIPS Avenue, Chicago IL, 60649

Price per sqftN/A

Built in1926

Property typeMulti-family

Listed by O'Neia Washington with O W Auction Group LLC 630-920-2115

Overview

Active

New

Listed Nov 5, 2026

Updated 38h ago

Discover the investment potential of this three-story brick, 20-unit multifamily apartment building, ideally situated on the southeast corner of 78th Street and Phillips Avenue in Chicago's South Shore neighborhood. Featuring generously sized apartment units, this property offers investors an opportunity to establish rental income, enhance property value, and create long-term cash flow through strategic renovations and property management. The building features solid brick construction, a 2024 steam boiler with new sensors and wireless remote access to control boiler and monitor average temp from phone, state of the art camera system with remote keyless entry, and fully fenced front and rear areas. Spacious apartment layouts offer flexibility for improvements and repositioning to maximize rental potential. LOCATION IS KEY! Conveniently located near Lake Michigan, the South Shore Cultural Center, its nine-hole golf course, neighborhood parks, shopping, dining, and public transportation. The property also provides access to the Obama Presidential Center area and Chicago's broader South Side amenities. Whether you're looking to expand an existing investment portfolio or pursue a value-add multifamily opportunity, this 20-unit Chicago apartment building offers the potential for rental income growth, property improvements such as onsite laundry, and long-term appreciation.

Additional information

MLS^® ID: 12778102

Interior Features

Bedrooms: 0
Basement: No

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

Taxes: $26,705
Tax Frequency: Annually
Municipality: Hyde Park

Listed by O'Neia Washington with O W Auction Group LLC 630-920-2115

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Based on information submitted to the MLS GRID for MRED 11/7/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 4:26 AM UTC on 11/7/2026.

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