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7600 S Phillips Ave 12 Unit Apartment Building $1,435,906 CAD ($119,659 CAD/Unit) 8.58% Cap Rate Chicago, IL 60649
Investment Highlights
- 14 total units in South Shore
- Strong tenant appeal for larger layouts
- Located near transit and lakefront amenities
- Unit mix: 1 one-bed, 8 two-bed, and 5 three-bed units
- Cash-flowing property with stable income
- Opportunity for continued rental growth upside
Executive Summary
7600 S Phillips Avenue offers a compelling 14-unit multifamily investment in Chicago’s South Shore neighborhood, strong fundamentals and long-term upside. The building features a desirable mix of unit layouts, including one one-bedroom unit, eight two-bedroom units, and five three bedroom units, appealing to a broad tenant base seeking spacious housing in a well-established lakefront-adjacent community.
The property benefits from its solid operating profile and positioning within one of the South Side’s most enduring multifamily submarkets.
The property benefits from its solid operating profile and positioning within one of the South Side’s most enduring multifamily submarkets.
Property Facts
| Price | $1,435,906 CAD | Building Class | C |
| Price Per Unit | $119,659 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 16,425 SF |
| Cap Rate | 8.58% | No. Stories | 3 |
| No. Units | 12 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 0.12/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $1,435,906 CAD |
| Price Per Unit | $119,659 CAD |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 16,425 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.12/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 1,100 - 1,300 |
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 21-30-307-012-0000 | Improvements Assessment | $91,570 CAD |
| Land Assessment | $13,706 CAD | Total Assessment | $105,277 CAD |
Property Taxes
Parcel Number
21-30-307-012-0000
Land Assessment
$13,706 CAD
Improvements Assessment
$91,570 CAD
Total Assessment
$105,277 CAD
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7600 S Phillips Ave
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