Updated Multi-Unit Building in
7227 S Michigan Avenue Chicago, IL 60619
7227 S Michigan Avenue, Chicago, IL, 60619
$400,000
For Sale
$400,000
MULTI_FAMILY - Chicago, IL
Days on Market121
Property Features for 7227 S Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 1
- Basement
- Unfinished, Full
- 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 Agency
Berg Properties
(888) 276-9959
541 N Harvey, Oak Park, IL
Listed by
Colleen Berg · License #471019976
(708) 763-8674
Added: Mar 20 Checked: Jul 18 at 3:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Brick 2‑unit building built in 1916 with public sewer and natural gas heating
- Unit mix includes three 3‑bedroom, 1‑bathroom apartments (per remarks) for flexible living or rental income
- Recently renovated interiors in each unit, including hardwood flooring throughout all units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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: Brick 2‑unit building built in 1916 with public sewer and natural gas heating; Unit mix includes three 3‑bedroom, 1‑bathroom apartments (per remarks) for flexible living or rental income; Recently renovated interiors in each unit, including hardwood flooring throughout all units
