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Six-Unit Apartment Building
New
For Sale
$550,000

7358 S Michigan Ave, Chicago, IL 60619

A two-car garage serves a six-unit multifamily property in Chicago’s Park Manor neighborhood.

Property Size6,266 SF
Price / SF$87.78
Days on Market2

Property Features for 7358 S Michigan Ave

General Information

Standard status Active
Size 6,266 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 6

Building Details

Year Built 1916
Buildings 1
Listing Agency: Real People Realty
Listed By: Jennifer Singleton
Source: Saladinosells
Added: Sep 26 Last Checked: Sep 26 at 2:24PM

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 Real People Realty

Investment Insights

Based on property information with market context.

This 6,266-square-foot multifamily building contains six units and includes a two-car garage. Constructed in 1916, the property is located on a corner parcel along a tree-lined street in Chicago’s Park Manor neighborhood.

The building is near transportation, providing a location detail for residents and ownership alike.

Key Highlights

  • Six‑unit multifamily building
  • 6,266 square feet
  • Two‑car garage

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Kitchen & Bath Showroom Gym & Fitness Center (Bike/Boat/Book/etc) Store Skin Care Clinic

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

833
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
View Realmo Analytics

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 - A two-car garage serves a six-unit multifamily property in Chicago’s Park Manor neighborhood.
Where is this apartment building located?
The property is located at 7358 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six‑unit multifamily building; 6,266 square feet; Two‑car garage
More about this property
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