7641 S Phillips Avenue

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7641 S Phillips Avenue

Chicago, IL 60649
Asking Price
$560K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Chicago
  • Asset located at 7641 S Phillips Avenue in Illinois
  • Current asking price set at $560,000 for the building
  • Situated within the established South Shore neighborhood residential market
  • Property offers direct access to key Chicago regional transit routes

What's Special

Priced at $560,000, this multifamily apartment building at 7641 S Phillips Avenue represents a distinct acquisition in the Chicago market. The property is positioned within the South Shore neighborhood, an area characterized by its proximity to the Lake Michigan shoreline and established transit corridors that connect residents to the greater Chicago metropolitan economy. The surrounding community benefits from ongoing investment in local infrastructure and a dense residential base, making it a viable location for long-term rental operations. Investors may find this asset suitable for various portfolio strategies, ranging from value-add repositioning to stabilized hold operations. Given the functional layout typical of Chicago apartment buildings, the property serves as a practical addition for those focused on the city’s residential sector. Its placement in a well-connected suburban-style district within the city limits provides consistent access to essential regional amenities and major transport routes, ensuring continued relevance for local tenants seeking proximity to both the city center and neighborhood services.

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NOI
$80,000
Cap Rate
14.29%
DSCR
2.41
Strong
Cash-on-Cash
27.83%
Monthly Payment
$2,770.574
Annual Cash Flow
$46,753.107

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