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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.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.