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Updated Brick Triplex
For Sale
$400,000

7227 S Michigan Avenue, Chicago, IL 60619

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market168

Property Features for 7227 S Michigan Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bedroom 2
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions Southtown Sub, Head toward S Michigan Ave, Turn left onto S Michigan Ave.
Subdivision CHI - Greater Grand Crossing
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

Amenities

on-site laundry

Building Details

Year built 1916
Building materials Brick
Listing Agency: Berg Properties
Listed By: Colleen Berg · License #471019976
Added: Mar 20 Changed: Sep 2 Last Checked: Sep 3 at 5:06AM
MLS# 12597509

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.

Investment Insights

Based on property information with market context.

This brick triplex, built in 1916, combines recently renovated interiors with practical features for residential income use. Apartment layouts include 3 bedrooms and 1 bathroom, with hardwood flooring and refreshed kitchens finished with granite countertops. On-site coin-operated laundry adds convenience for occupants and a separate operating feature.

The property is located near Deneen Elementary School, Aldi, and L&P Foods. Residents have access to public transportation via the Red Line and #3 bus route, along with nearby expressways. Natural gas heating and public sewer serve the property.

Key Highlights

  • Brick triplex constructed in 1916
  • 3‑bedroom, 1‑bathroom apartment layouts
  • Recently renovated interiors with hardwood flooring

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Dental Office Plumbing Service Law Firm Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

966
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Updated interiors feature hardwood flooring, granite-counter kitchens, and on-site pay laundry.
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: Brick triplex constructed in 1916; 3‑bedroom, 1‑bathroom apartment layouts; Recently renovated interiors with hardwood flooring
More about this property
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