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7208 S Michigan Ave, Chicago, IL 60619

Nineteen 1-bed and five 2-bed units with recent building updates, including a 2018 boiler.

Property SizeContact for details
Days on Market121

Property Features for 7208 S Michigan Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 24
Listing Agency: 33 Realty LLC
Listed By: Conor McMullen · License #IL 475.167587
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 7:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty LLC

Investment Insights

Based on property information with market context.

This multifamily property consists of nineteen (19) one-bedroom, one-bath units averaging 550 square feet and five (5) two-bedroom, one-bath units averaging 750 square feet. Improvements include updated kitchens and baths in seven units, new floor drains and cement work around exterior basements, and a boiler installed in 2018.

The property is located just a few blocks from the CTA Red Line stop at 69th and near the 72nd Street bus and I-90, supporting convenient commuting options for residents traveling to Chicago’s Central Business District.

With a total of 24 residential units, the building is maintained with a mix of modernization and exterior site work already completed, offering a practical platform for continued unit updates.

Key Highlights

  • 19 one‑bedroom/one‑bath units averaging 550 SF
  • 5 two‑bedroom/one‑bath units averaging 750 SF
  • Updated kitchen and baths in 7 units

Property Analytics

Current Use

Apartment buildings

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

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

412
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Nineteen 1-bed and five 2-bed units with recent building updates, including a 2018 boiler.
Where is this apartment building located?
The property is located at 7208 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 19 one‑bedroom/one‑bath units averaging 550 SF; 5 two‑bedroom/one‑bath units averaging 750 SF; Updated kitchen and baths in 7 units
More about this property
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