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Listed by Grant Alexanderof Alexander & Associates Realty Group
$ 149,900
Est. payment /mo
Price Dropped by $15K
615 Frances Street Phoenix, IL 60426
8 Beds
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12463986
Bedrooms 8
Annual Tax Amount $14,853
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 23X122
Property Sub-Type Two to Four Units
Property Description
Financing Fell through at the last minute. Perfect opportunity for investors. Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there's plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you're looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community.
Location
State IL
County Cook
Community Park, Street Paved
Zoning MULTI
Rooms
Basement Crawl Space
Interior
Heating Steam
Fireplace N
Exterior
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Madison School
Middle Schools Coolidge Middle School
High Schools Thornton Township High School
School District 151, 151, 205
Others
Ownership Fee Simple
Special Listing Condition None
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