Courtesy: Alexander & Associates Realty Group
708-689-4557
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.
Courtesy: Parkvue Realty Corporation
312-788-4040
***Attention all investors*** Solid 2-unit in the heart Phoenix. Full rehab needed but excellent income potential. Sold strictly as-is. No survey. The property will not be trashed-out prior to closing. Must take subject to municipal/code compliance requirements.
Phoenix is located in Illinois. Phoenix, Illinois has a population of 1,314. Phoenix is less family-centric than the surrounding county with 6.22% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Phoenix, Illinois is $31,528. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Phoenix is 43.3 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 38.5 inches per year, with 31.4 inches of snow per year.
