The property
Executive summary
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…