7230 S Talman Avenue Chicago, IL $ 489,900
7230 S Talman Avenue
$ 489,900
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7230 S Talman Avenue

Chicago, IL, 60629
$ 489,900
Bedrooms7 Baths3.0 Sq 3,500

Monthly Estimate*

$ 3,016

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Multi-Family Home for sale in Chicago, IL

for $489,900 with 7 bedrooms and 3 full baths. This 3,500 square foot home was built in 1926 on a lot size of 0.08.

Exceptional investment opportunity in Chicago's Marquette Park neighborhood! This versatile property features a two-unit main building plus a separate coach house, offering three total income-generating units on one lot. The main building includes two spacious units, each offering 2 bedrooms and 1 bathroom with functional layouts and comfortable living space. The rear coach house adds even more value with a 3-bedroom, 1-bath unit-ideal for maximizing rental income, multigenerational living, or an owner-occupant setup. With multiple streams of income and a desirable unit mix, this property is perfect for investors looking to expand their portfolio or buyers seeking to supplement their mortgage with rental income. Property taxes currently do not reflect a homeowner's exemption, presenting a potential opportunity for reduced taxes if owner-occupied. Conveniently located near parks, schools, shopping, and public transportation, this property benefits from strong rental demand and long-term growth potential.

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Multi-Family Active

Price

$ 489,900

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,133

Style

Lot Size

0.08

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12616523

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing Immediate Tenant's Rights
Zoning MULTI
Construction Materials Brick
Year Built 1926
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
Gross Income 3725
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 17
Status New
Directions East or West on 71st South on Talman to address
City Chicago
High School District 299
MLS Area CHI - Chicago Lawn
Tax Annual Amount 11133.15
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Water Source Lake Michigan
Total Parking 0
Lot Dimensions 3780
Lot Size Acres 0.08
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

amal.khalil@cbrealty.com

Email

Affordability Calculator

$3,944
Per Month
76%
24%
0%
Monthly Principal & Interest
$3,016
Monthly Property Taxes
$928
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$489,900 Listed Price

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7230 S Talman Avenue, Chicago, IL, 60629 is a Multi-Family Home for sale at $489,900 with 3,500 sqft and a lot size of 0.08. 7230 S Talman Avenue has 7 bedrooms, 3.0 baths, and was built in 1926. The property's zip code is 60629 which is in Chicago, IL