7648 S Phillips Ave
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7648 S Phillips Ave
31 Unit Block of Flats £2,050,229 (£66,136/Unit) Chicago, IL 60649
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- 18 Subsidy Tenants
- Laundry Facilities On-Site
- Great In-Place Rents: Investor to Receive 10.1% Cap Returns on Day One
- Unit Mix of Studio, One, Two, and Three Bedroom Units
- Close Proximity to The Obama Presidential Library and Proposed Quantum Computing Campus
Executive Summary
Essex Realty Group. Inc. has been exclusively engaged to market for sale 7648 S Phillips Ave, a 31-unit multifamily property in Chicago's South Shore neighborhood.
Property Facts
| Price | £2,050,229 | Building Class | C |
| Price Per Unit | £66,136 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 18,750 SF |
| No. Units | 31 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Price | £2,050,229 |
| Price Per Unit | £66,136 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 18,750 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 700 |
| 1+1 | 13 | - | 800 |
| 2+1 | 9 | - | 900 |
| 2+2 | 3 | - | 950 |
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PROPERTY TAXES
| Parcel Number | 21-30-307-022-0000 | Improvements Assessment | £168,103 |
| Land Assessment | £14,780 | Total Assessment | £182,882 |
PROPERTY TAXES
Parcel Number
21-30-307-022-0000
Land Assessment
£14,780
Improvements Assessment
£168,103
Total Assessment
£182,882
zoning
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
| RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
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7648 S Phillips Ave
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