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Tim Stassi

timstassi@dwellonerealty.com +1(312) 371-1070

$ 149,900

Est. payment -/mo

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Price Dropped by $15K

615 Frances ST Phoenix, IL 60426

8 Beds

4 Baths

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

Area Phoenix

Zoning MULTI

Rooms

Basement Crawl Space

Interior

Heating Steam

Fireplace N

Exterior

Community Features Park, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

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

Listed by Grant Alexander of Alexander & Associates Realty Group

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Tim Stassi

+1(312) 371-1070

Broker/Owner

Tim Stassi

615 Frances ST Phoenix, IL 60426

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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615 Frances ST