7628 S. Phillips is a six (6) unit center entrance walk-up building in Chicago's historic South Shore neighborhood. Over the past year, South Shore has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago's downtown, most notably with the construction of the Obama Presidential Library. Conveniently located blocks away from the CTA bus line at Windsor Park, the property sits on a quiet tree-lined street composed of community outreach programs and single-family homes. 7628 S. Phillips has a desirable unit mix consisting solely of six (6) 3Bd/1Ba units. All of the units are equipped with spacious floorplans and hardwood flooring. Recent improvements to the building include, but are not limited to, a newer roof, updated electric, and individual furnaces & hot water tanks 7628 S. Phillips offers an investor the opportunity to acquire a positive, cash-flowing asset. From day one, the asset's next owner will realize a cap rate over 10% and a cash return of nearly 18.5%. Furthermore, through cosmetic updates and raising rents to levels already being achieved, an investor could achieve a cap rate of 12.23% and a cash return of over 27%.
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.