Location: 7616-24 South Phillips, Chicago, IL , 60649, United States

Renovated 24 Unit Multi-Family Building in Chicago’s South Shore Neighborhood

Asking Price: $2,500,000.00

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Asking Price: $2,500,000.00

Total Number of Units: 24

2 Bedroom, 1 Bath Units: 12

3 Bedroom, 1 Bath Units: 12

Price Per Unit: $104,167.00

NOI:  $220,917.00

Cap Rate: 8.84%

Building Size: Approx. 9,000 SF

Lot Size: Approx. 14,880 SF (120 x 124)

Built: 1922

Zoned RT-4

2021 Property Taxes: $33,556.00

AW Properties Global is pleased to present for sale a recently renovated 24-unit multifamily building located in Chicago’s south side neighborhood of South Shore.  The desirable unit mix consists of (12) 2 bedroom 1 bath and (12) 3 bedroom 1 bath units.

Recent capital improvements include new kitchens and baths, updated common areas, new laundry room and tuckpointing.  Heat is provided by a central boiler.

The property was built in 1922, is  zoned RT-4 and is situated on a 120×124 parcel of land.

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