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Updated Brick Triplex

7227 S Michigan Avenue, Chicago, IL 60619

For Sale
$400,000

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market233

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 3, Bedroom 4, Bedroom 6, Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bathroom 2
Basement Unfinished, Full
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
Buildings 1
Listing Agency: Berg Properties
Listed By: Colleen Berg · License #471019976
Added: Mar 20 Changed: Nov 6 Last Checked: Nov 7 at 1:06PM
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.

Rey
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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

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

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
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