615 Frances Street, Phoenix, IL 60426

Local realty services provided by:ERA Naper Realty
615 Frances Street,Phoenix, IL 60426
$149,900
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
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

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:12463986
  • Added:118 day(s) ago
  • Updated:January 01, 2026 at 11:44 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

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:$14,854 (2023)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 615 Frances Street