Contact us: 563.441.1776
Description
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 Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 9
Bathrooms: 7
County: Cook
Listed By:
Smart Home Realty
630-870-1000
MRED MLS
MLS ID: 12771712
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8010 S Phillips Avenue, Chicago, IL 60617.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $479,900 | $479,900 | $479,900 |
| Down Payment | $95,980 | $16,797 | $119,975 |
| Monthly Mortgage Amount | $2,587 | $3,175 | $3,135 |
| Taxes | $668 | $668 | $668 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $211 | $0 |
| Monthly Estimated Total | $3,395 | $4,194 | $3,943 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 10/05/2026. The listing information on this page last changed on 10/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/05/2026 12:00:24 AM EST) or MRED MLS (last updated Sun 10/04/2026 11:55:09 PM EST) or SCWMLS (last updated Sun 10/04/2026 11:55:59 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 10/04/2026 10:24:12 PM EST) or Cedar Rapids MLS (last updated Sun 10/04/2026 10:44:13 PM EST) or NEIRBR MLS (last updated Sun 10/04/2026 11:58:38 PM EST) or ICAAR MLS (last updated Sun 10/04/2026 11:37:36 PM EST) or ECIMLS (last updated Sun 10/04/2026 11:44:33 PM EST) or RMLSA (last updated Sun 10/04/2026 11:50:55 PM EST) or Muscatine MLS (last updated Sun 10/04/2026 11:45:09 PM EST) or No Coast MLS (last updated Sun 10/04/2026 11:54:19 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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