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Brick Two-Flat Income Property
For Sale
Contact for pricing
Pending

7223 S Coles Avenue, Chicago, IL 60649

Chicago brick two-flat with separate utilities, central air, and a fenced yard.

Property SizeContact for details
Days on Market152

Property Features for 7223 S Coles Avenue

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI

Additional Details

Fenced Yard Yes
Multifamily Units 2

Amenities

gazebo

Building Details

Year Built 1903
Year Renovated 2024
Tenancy Multi
Listing Agency: Kale Realty
Listed By: Samuel Razo
Source: Crexi
Added: Apr 9 Changed: Aug 8 Last Checked: Jul 24 at 5:55PM

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 Kale Realty

Investment Insights

Based on property information with market context.

This Chicago brick two-flat income property features two separate residential units with spacious layouts. The first-floor duplex offers 3 bedrooms and 2 bathrooms with extended living space. The second-floor unit also provides 3 bedrooms and 1 bathroom and is tenant-occupied on a month-to-month basis. The home includes hardwood floors and decorative fireplaces, along with a large fenced yard and gazebo.

Recent building improvements include a new roof in 2024, with HVAC and furnace systems for both units installed within the last 10 years. Water heaters were replaced in 2019 and 2022. Each unit has separate utilities and central air.

Sold as-is as part of an estate sale, this property is positioned near Lake Shore Drive and multiple destinations, including Jackson Park Golf Course and the South Shore Cultural Center, with convenient access to Hyde Park and Downtown Chicago.

Key Highlights

  • Chicago brick two‑flat built in 1903 with separate utilities and central air in both units
  • First‑floor duplex: 3 beds and 2 baths with extended living space
  • Second‑floor unit: 3 beds and 1 bath, tenant‑occupied on a month‑to‑month basis

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Building Supply (Bike/Boat/Book/etc) Store Auto Parts Store Tech Support Center Storage Facility

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

2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

911
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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?
Duplex - Chicago brick two-flat with separate utilities, central air, and a fenced yard.
Where is this duplex located?
The property is located at 7223 S Coles Avenue Chicago, IL.
What are key features of this property?
This property features: Chicago brick two‑flat built in 1903 with separate utilities and central air in both units; First‑floor duplex: 3 beds and 2 baths with extended living space; Second‑floor unit: 3 beds and 1 bath, tenant‑occupied on a month‑to‑month basis
(312) 730-7877 Call to check price and availability
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