REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,695,000
Est. payment | /mo
0.25 Acres Lot
$ 1,695,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12778102
Year Built 1926
Annual Tax Amount $26,705
Tax Year 2025
Lot Size 10,890 Sqft
Lot Dimensions 90X125
Property Sub-Type Multi Family 5+
Property Description
Discover the investment potential of this three-story brick, 20-unit multifamily apartment building, ideally situated on the southeast corner of 78th Street and Phillips Avenue in Chicago's South Shore neighborhood. Featuring generously sized apartment units, this property offers investors an opportunity to establish rental income, enhance property value, and create long-term cash flow through strategic renovations and property management. The building features solid brick construction, a 2024 steam boiler with new sensors and wireless remote access to control boiler and monitor average temp from phone, state of the art camera system with remote keyless entry, and fully fenced front and rear areas. Spacious apartment layouts offer flexibility for improvements and repositioning to maximize rental potential. LOCATION IS KEY! Conveniently located near Lake Michigan, the South Shore Cultural Center, its nine-hole golf course, neighborhood parks, shopping, dining, and public transportation. The property also provides access to the Obama Presidential Center area and Chicago's broader South Side amenities. Whether you're looking to expand an existing investment portfolio or pursue a value-add multifamily opportunity, this 20-unit Chicago apartment building offers the potential for rental income growth, property improvements such as onsite laundry, and long-term appreciation.
Location
State IL
County Cook
Area Chi - South Shore
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by O'Neia Washington of O W Auction Group LLC
Nearby Locations
O'Neia Washington
Designated Managing Broker IL 471008905IN RB22001391
+1(773) 985-2135 | oneia@owauctiongroup.com