Updated Multi-Unit Building in
7227 S Michigan Avenue, Chicago, IL 60619
MULTI_FAMILY - Chicago, IL
- Added:
- Mar 20, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 7227 S Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bedroom 6, Bedroom 1, Bathroom 1
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 20271080090000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 3376
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1916
- Building materials
- Brick
Listing agent Colleen Berg License #471019976 (708) 763-8674
Listing office Berg Properties 541 N Harvey, Oak Park, IL (888) 276-9959
Listing date Mar 20, 2026
MLS# 12597509
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey, fully updated 3‑unit building, ready for immediate rental income.
- Each unit features 3 bedrooms and 1 bathroom with recently renovated interiors, hardwood floors, and granite countertops.
- Located in the desirable Chatham/Park Manor neighborhood with strong rental demand.
- On‑site coin/pay laundry provides additional income and tenant convenience.
- Excellent access to public transportation (Red Line, #3 bus) and nearby expressways.
- Proximity to Deneen Elementary School, Aldi, and L&P Foods enhances tenant appeal.
Overview
Located in the Chatham/Park Manor neighborhood, this updated building at 7227 S Michigan Avenue presents an investment opportunity. The property features three apartments, each with three bedrooms and one bathroom. The interiors have been recently renovated with hardwood floors and updated kitchens featuring granite countertops. On-site coin/pay laundry facilities provide an additional income stream and added convenience for tenants. The property's location offers convenient access to Deneen Elementary School, Aldi, and L&P Foods. Public transportation options, including the Red Line and #3 bus route, along with nearby expressways, facilitate commuting throughout the city. This property is suitable for both seasoned investors and first-time buyers looking for a stabilized, income-generating asset.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.62116
- Latitude
- 41.762959
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Turnkey investment opportunity: fully updated 3-unit building in Chatham/Park Manor.
Where is this triplex located?
The property is located at 7227 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Turnkey, fully updated 3‑unit building, ready for immediate rental income.; Each unit features 3 bedrooms and 1 bathroom with recently renovated interiors, hardwood floors, and granite countertops.; Located in the desirable Chatham/Park Manor neighborhood with strong rental demand.
