7227 S Michigan Avenue Chicago, IL $ 439,900
7227 S Michigan Avenue
$ 439,900
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7227 S Michigan Avenue

Chicago, IL, 60619
$ 439,900
Bedrooms6 Baths2.0

Monthly Estimate*

$ 2,709

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Multi-Family Home for sale in Chicago, IL

for $439,900 with 6 bedrooms and 2 full baths. This home was built in 1916.

Turnkey Investment Opportunity - Fully Updated 2-Unit Building in Chatham/Park Manor Welcome to 7227 Michigan Ave-an exceptional opportunity to own a newly updated, income-producing building in the sought-after Chatham/Park Manor neighborhood. This well-maintained property features three spacious 3-bedroom, 1-bathroom apartments, making it ideal for investors seeking strong rental income or owner-occupants looking to live in one unit while generating revenue from the others. Each unit has been recently renovated with modern finishes, including beautiful hardwood floors throughout and updated kitchens with sleek granite countertops. The thoughtful upgrades and solid layout appeal to today's renters, helping ensure consistent occupancy and long-term value. The property also offers on-site laundry facilities (pay laundry), providing an additional income stream and added convenience for tenants. Investment Highlights: 3-unit residential building Each unit: 3 bedrooms, 1 bathroom Recently renovated interiors Hardwood flooring throughout all units Updated kitchens with granite countertops Strong rental demand in established neighborhood On-site coin/pay laundry for additional income Location Advantages: Ideally situated near Deneen Elementary School, Aldi, and L&P Foods, the property is perfectly positioned for tenant convenience. Excellent access to public transportation-including the Red Line and #3 bus route-as well as nearby expressways, makes commuting throughout the city simple and efficient. Additional Notes: Strong rental area with consistent demand Ideal for both seasoned investors and first-time buyers Whether you're expanding your portfolio or entering the investment market, 7227 Michigan Ave offers a compelling combination of location, updates, and income potential. Don't miss this opportunity to acquire a stabilized, income-generating asset in a growing neighborhood-schedule your showing today!

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Multi-Family Active

Price

$ 439,900

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,376

Style

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12597509

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Construction Materials Brick
Year Built 1916
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 6
Status New
Directions Southtown Sub Head toward S Michigan Ave Turn left onto S Michigan Ave.
City Chicago
High School District 299
MLS Area CHI - Greater Grand Crossing
Tax Annual Amount 3376
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 6
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Lake Michigan
Total Parking 0
Lot Dimensions 4800
Waterfront Y/N N
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* Excluded Features
List By
Berg Properties

Broker

cberg@bergproperties.com; support@bergproperties.com

Email

Affordability Calculator

$2,990
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,709
Monthly Property Taxes
$281
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
3/21/2026$439,900 Listed Price

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7227 S Michigan Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $439,900. 7227 S Michigan Avenue has 6 bedrooms, 2.0 baths, and was built in 1916. The property's zip code is 60619 which is in Chicago, IL