615 Frances Street, Phoenix, IL 60426

Phoenix
Local realty services provided by:ERA Naper Realty
615 Frances Street,Phoenix, IL 60426
$149,900
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: grant alexander
Office: alexander & associates realty group
MLS#:12463986
Source:MLSNI

Price summary

  • Price:$149,900

About this home

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...

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Home facts

  • Listing ID #:12463986
  • Added:211 day(s) ago
  • Updated:April 04, 2026 at 07:55 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:12
  • Basement:Yes

Heating and cooling

  • Heating:Steam

Structure and exterior

  • Roof:Asphalt
  • Lot area:0.07 Acres

Schools

  • High school:Thornton Township High School
  • Middle school:Coolidge Middle School
  • Elementary school:Madison School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$149,900
  • Tax amount:$18,715 (2024)

Parking

  • Total parking spaces:2
  • Parking description:Off Alley, Off Street, Unassigned
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