7358 S Michigan Avenue Chicago, IL ^$ 550,000

7358 S Michigan Avenue

^$ 550,000

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Recently Listed

7358 S Michigan Avenue

Chicago, IL, 60619

^$ 550,000

Bedrooms6 Baths0.0 Sq 6,266

Monthly Estimate*

^$ 3,473

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Multi-Family Home for sale in Chicago, IL

for $550,000 with 6 bedrooms. This 6,266 square foot home was built in 1916 on a lot size of 0.11.

Charming Park Manor six-unit multifamily building situated on a beautiful, tree-lined street. This attractive corner property offers a great opportunity for an investor or owner looking to add a multifamily asset to their portfolio. The building features six units, a two-car garage, and a desirable corner location with excellent visibility. The property offers character and potential in a well-established Park Manor neighborhood. Conveniently located near transportation. A great opportunity to own a multifamily property with multiple units and garage parking.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 4,853

Style

Multi-Family

Lot Size

0.11

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12760810

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Other

Year Built 1916

Tenant Pays Electricity

Stories Count 3

Township Hyde Park

Tax Year 2023

Current Use Multi-Family

Gross Income 57360

County Cook

Net Operating Income 25360

Operating Expense 32500

Insurance Expense 4600

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 7500

Possible Use Multi-Family

Status New

Directions Property is located on S. Michigan Ave.

City Chicago

Number Of Units Total 6

MLS Area CHI - Greater Grand Crossing

Lot Size Square Feet 4830

Tax Annual Amount 4853

Electric Expense 0

Fuel Expense 12000

Trash Expense 2400

Water Sewer Expense 6000

Additional Parcels Y/N N

Standard Status Active

Interior

Basement Unfinished

Exterior

Building Area Total 6266

Lot Dimensions 30X158X31X158

Lot Size Acres 0.11

Frontage Type City Street Public Road

* Excluded Features

List By

Real People Realty

Broker

jensing01@gmail.com

Affordability Calculator

$3,877

Per Month

Monthly Principal & Interest: $3,473
Monthly Property Taxes: $404
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$641,494

Percent of Sale Price 17%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/20/2026	$550,000		Listed Price

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7358 S Michigan Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $550,000 with 6,266 sqft and a lot size of 0.11. 7358 S Michigan Avenue has 6 bedrooms, 0.0 baths, and was built in 1916. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 9/21/2026.

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7358 S Michigan Avenue

Multi-Family Home for sale in Chicago, IL

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