615 Frances St, Phoenix, IL 60426
- Beds
- 8
- Baths
- 4
View property features, location on map, relevant school information and overview from seller's agent.
- 1
- 0
Overview
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
Full feature list
Basic info
- Property type
- Other residential
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Lot size (acres)
- 0.07
Utilities
- Heating
- Steam
- Sewer
- Public Sewer
- Water
- Public Water
Estimated monthly costs
- Electricity
- $8
Taxes
- Tax Annual Amount (2024)
- $18,714.61
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12463986 Last checked: …

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.