tomo logo

$75,000

Beds
3
Baths
2.0
sq ft
1,700

8000 S Phillips Ave Unit 2N, Chicago, IL 60617

8000 S Phillips Ave Unit 2N

Chicago, IL 60617

  • 9 days on market
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"

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$45

Year built

1924

Annual property taxes

$502.34

Monthly HOA fee

$350

Price History

06/23/2024
MRED

MRED #12091847

Listed
$75,000
06/22/2024
MRED

MRED #11825305

Removed
$75,000
05/27/2024
MRED

MRED #11825305

Price change
$75,000
-16.67%

Schools & Community

Neighborhood: 

South Chicago

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

299

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Status: Active

Tomo last checked: 07/02/2024 at 6:20 PM

Listing updated: 07/02/2024 at 1:47 PM

Listed by: D'Andre Daye, Straight-A Realty, LLC Phone #: (630) 288-2446

MLS: MRED #12091847

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