7732 S Phillips Avenue, Chicago, IL 60649
Cook County
Key Facts
Description
Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2,300 per month for each of the three above-grade units and an estimated $1,800 per month for the finished garden unit, the property offers potential gross rental income of approximately $8,700 per month, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1923
Lot Dimensions
3720
Garage Spaces
2
Parking Spaces
2
Ownership
Fee Simple
Zoning
MULTI
Days on Market
27
MLS® Listing#
12660519
Property Features
Heating
Basement
Parking
Construction
Sewer
Financial Details
Annual Taxes
$3,109
Tax year 2023
Parcel Number
21303180210000
Directions
77th Street East to Phillips right to 7732.
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,049
- Median Listing Price
- 46
- Median Days on Market
- 1,422
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 4,620
- Active Listings
- This home’s price is 80% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 7732 S Phillips Avenue, Chicago, IL 60649
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Eastside Academy of Early
School · 0.2 mi away
Noelle's Kiddie College
School · 0.4 mi away
Bradwell School of Excellence
Elementary · 0.4 mi away
Winnie Mandela High School
Secondary · 0.6 mi away
Chicago Public Schools
School · 0.6 mi away
Public Schools Bryn Mawr
School · 0.6 mi away
South Shore High School
Secondary · 0.6 mi away
Public Schools Powell Adam Clayton
School · 0.6 mi away
Qodesh Educational Institute
School · 0.7 mi away
Bouchet Elementary Math & Science Academy
Elementary · 0.7 mi away
A Child's World Early Learning Center
School · 0.8 mi away
Camelot Safe Academy School
School · 0.8 mi away
Chicago Public Schools
Elementary · 0.8 mi away
C R Phillips Child Development Center
School · 0.8 mi away
Chicago Public Schools
School · 0.9 mi away
Sullivan House High School
Secondary · 0.9 mi away
Chicago Public Schools
Elementary · 1.0 mi away
Chicago Public Schools
School · 1.0 mi away
Okeeffe Elementary School
Elementary · 1.1 mi away
Muhammad Univ
School · 1.1 mi away
Commute Calculator
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|---|---|---|---|---|
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| 8012 S Honore Street, Chicago, IL | $525,000 | 10 | 4 | — |
| 1431 S Tripp Avenue, Chicago, IL | $549,000 | 12 | 3 | — |
| 203 N Leamington Avenue, Chicago, IL | $549,000 | 10 | 3 | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Berg Properties - 8882769959
Last Updated: 2026-06-02