8000 S Phillips Chicago, IL 60617

  • $75,000
  • Sold Date: 01-01-70

8000 S Phillips Chicago, IL 60617
Re-activated

8000 S Phillips Chicago, IL 60617

8000 S Phillips Chicago, IL 60617
  • $75,000
  • Sold Date: 01-01-70

Description

IMPRESSIVELY LARGE 3 BED/2 FULL BATH FOR A STEAL… WITH A MASTER SUITE ! Welcome to 8000 S Phillips Ave Unit 2N, Chicago, IL 60617, a freshly painted and impressively spacious condo boasting approximately 1700 sq ft. This second-floor unit features high ceilings and hardwood floors throughout, creating a bright and open living environment. Perfect for both investors seeking instant cash flow and owner-occupying buyers ready to add their finishing touches. This condo offers three sizable bedrooms and two full, modernized bathrooms, including a master suite. The sundrenched living and dining room combo area, with a large picture window, provides a warm and inviting space for relaxation and entertaining. The large and open kitchen is equipped with stainless steel appliances and granite countertops, perfect for culinary enthusiasts. Additional highlights include a bonus den area, ideal for use as a walk-in closet, office, storage, or flex room and convenient coin laundry within the comfort of the building! This condo is currently tenant-occupied by a tenant who maintains the property extremely well, ensuring a seamless transition for new owners. Located in the vibrant South Chicago neighborhood, this condo is minutes away from hospitals, dining, shopping, entertainment, parks, and public transportation. Minor improvements can boost the max ARV rental price potential to $1600 for a three-bedroom unit, revealing an extremely generous cap rate and very lucrative annual returns. Priced to sell, this condo presents an exceptional investment opportunity with huge equity upside. Don’t miss out on this incredible deal! Schedule a showing today and secure your stake in this rapidly appreciating neighborhood. Property will be sold “as is where is”

  • Listing Courtesy of: Straight-A Realty, LLC
  • Address 8000 S Phillips
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60617
  • Country Cook

Details

Updated on July 27, 2024 at 3:45 am
  • Property ID: MRD12091847
  • Price: $75,000
  • Property Size: 1700 Sq Ft
  • Bedrooms: 3
  • Bathrooms: 2
  • Year Built: 1924
  • Property Type: Condo
  • Property Status: Re-activated
  • HOA Fees: 350
  • Parcel Number: 21311080751005
  • Water Source: Lake Michigan
  • Sewer: Public Sewer
  • Buyer Agent MLS Id: MRD182260
  • Days On Market: 35
  • Purchase Contract Date: 2024-07-08
  • Basement Bath(s): No
  • Cumulative Days On Market: 35
  • Tax Annual Amount: 41.86
  • Cooling: None
  • Asoc. Provides: Other
  • Appliances: Range,Microwave,Refrigerator
  • Room Type: Den
  • Directions: Head south on Phillips from 79th St. Property is on the right hand side.
  • Exterior: Brick
  • Association Fee Frequency: Not Required
  • Living Area Source: Estimated
  • Parking Type: None
  • Township: Hyde Park
  • Contingency: Attorney/Inspection
  • Interior Features: Hardwood Floors
  • Asoc. Billed: Not Required

Overview

Property ID: MRD12091847
  • Condo
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1700
  • Sq Ft
  • 1924
  • Year Built

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