615 Frances Street, Phoenix, IL 60426

• 8 beds |
• 4 baths

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.

Listing Status:

Active

Listing Office:

Alexander & Associates Realty Group : 708-689-4557

Listing Agent:

Grant Alexander : 773-553-0287

MLS ID:

12463986

Interior

• Basement: Crawl Space
• Heating: Steam

Exterior

• Parking: UnassignedOff AlleyOff StreetYesOwnedParking spaces: 2

Construction

• Roofing: Asphalt

Location

• HOA Amenities: ParkStreet Paved
• Originating MLS: mred
• School District: 151
• County: Cook

Lot

• Zoning: MULTI29161140130000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of Grant Alexander, Alexander & Associates Realty Group