Value-add 15 unit building in South Shore

Investment Overview

7400 S Phillips Avenue presents a prime 15-unit multifamily opportunity in Chicago’s South Shore neighborhood, offering an attractive unit mix and strong in-place income. The building features 4 spacious 4-bed/2-bath units, 3 large 3-bed/1-bath units, and 8 well-appointed 2-bed/1-bath apartments, catering to families and working professionals seeking quality housing near the lakefront and public transit. The property is supported by individually metered utilities, with each unit equipped with its own furnace, water heater, and electrical panel, along with major mechanical improvements and copper plumbing throughout. Overall, 7400 S Phillips Avenue represents a rare, cash-flowing multifamily investment in South Shore with long-term income stability and value-add potential.

Investment Highlights

• 15 units: 8 two-bedroom/one-bathroom, 3 three-bedroom/one-bathroom, 4 four-bedroom/two-bathroom
• Strong cash flow with immediate income
• Premium corner building location
• In-unit washer and dryer connections
• Favorable unit mix enables strategic rent increases
• Benefits from South Shore's ongoing revitalization
• Just blocks from Lake Michigan waterfront