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$600,000

7641 Phillips Ave

Chicago, IL
Contingent
9
Bedrooms
1925
Year Built
75
Days On Market

This condo-like gated 3-unit brick building in desirable South Shore is perfect for the right homebuyer or investor. All 3 spacious apartments feature 3 large bedrooms, formal dining rooms, and beautifully restored hardwood floors. Recent updates include separate heating systems and water heaters, new roof on both the apartment building and garage, rebuilt back porch, new copper and waste plumbing lines, updated electrical, and new flooring and windows. Updated kitchens feature quartz countertops and stainless steel appliances, while all bathrooms have been refreshed with new fixtures and tile, including jetted tubs. Each unit now also has its own washer/dryer hookups and central A/C. The full basement offers excellent value-add potential. The property is located within an approved zoning area to add a legal 4th unit in the basement, which already has the required ceiling height as well as both front and rear entrances. The basement also offers additional storage and income potential. There is 1 garage space per unit. Conveniently located near Rainbow Beach, the Obama Library, public transportation, places of worship, schools, restaurants, and shopping. A great opportunity for an investor or owner looking to maximize rental income and future potential. Schedule your appointment today!

Listing Information

Listing Updated
09/17/2026
Listed By
Jaiva Birch · Century 21 IMPACT, 8152218400
MLS#
12737828
Source
Midwest Real Estate Data (MRED)
Status
Contingent

Facts & Features

Location

Community Information

Address
7641 S Phillips Ave, Chicago, IL 60649
City
Chicago
County
Cook
Zip Code
60649

Architecture

Bedrooms
9
Year Built
1925
Construction Materials
Brick
Garage
Yes
Garage Spaces
3
Parking Features
Garage, Detached

Features & Amenities

Heating
Forced Air, Natural Gas

Property Features

Water
Public
Sewer
Public Sewer

Tax & Financial Information

List Price
$600,000
Annual Taxes
$7,103

Schools

99/100
Bouchet Elementary Math & Science Academy
Elementary · Grades PK–08 · 0.7 mi
City
Chicago
Students
640
Student body
98% Black · 1% Two or More Races · 1% Hispanic / Latino
Free/reduced lunch
99%
Phone
(773) 535-0501
99/100
Art in Motion Charter School
High · Grades 07–12 · 1 mi
City
Chicago
Students
388
Student body
96% Black · 3% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
73%
Phone
(773) 820-9426
99/100
Coles Elementary Language Academy
Elementary · Grades PK–08 · 1 mi
City
Chicago
Students
493
Student body
97% Black · 3% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
96%
Phone
(773) 535-6550
63/100
Great Lakes Academy Charter Elementary School
Elementary · Grades KG–08 · 1 mi
City
Chicago
Students
538
Student–teacher
15.8
Parent reviews
5.0★ avg · 2 reviews
Student body
90% Black · 8% Hispanic / Latino · 2% Two or More Races
Free/reduced lunch
86%
Phone
(773) 503-3040
56/100
Ninos Heroes Elementary Academic Center
Elementary · Grades PK–08 · 1 mi
City
Chicago
Students
372
Student body
86% Black · 14% Hispanic / Latino · 1% White
Free/reduced lunch
98%
Phone
(773) 535-6694
55/100
Powell Elementary Paideia Community Academy
Elementary · Grades PK–08 · 0.5 mi
City
Chicago
Students
586
Student body
97% Black · 2% Hispanic / Latino · 0% White
Free/reduced lunch
97%
Phone
(773) 535-6650
54/100
Bradwell Community Arts & Sci Elementary School
Elementary · Grades PK–08 · 0.4 mi
City
Chicago
Students
490
Student body
98% Black · 1% Hispanic / Latino · 0% White
Free/reduced lunch
99%
Phone
(773) 535-6600
54/100
Excel Academy of South Shore
High · Grades 09–12 · 0.5 mi
City
Chicago
Students
145
Student body
90% Black · 9% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
95%
Phone
(773) 902-7800

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/20/2026Listed for sale$600,000

Listed by Jaiva Birch · Century 21 IMPACT · 8152218400

Listing information provided exclusively 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: September 17, 2026 at 3:27 PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12737828

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