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9 Beds
7 Baths

$479,900

8010 S Phillips Avenue, Chicago IL, 60617

Built in1926
Property typeMulti-family
Listed by Danica Matos with Smart Home Realty 312-802-3759

Overview

Active

Listed Sep 28, 2026

Updated 5 days ago

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.

$3,193/mo

Est. mortgage payment based on a $479,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12771712

Interior Features

Bedrooms
9
Bathrooms
7
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$7,226
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listed by Danica Matos with Smart Home Realty 312-802-3759

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Tamara OConnor Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 4:02 AM UTC on 10/5/2026. 

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