7358 S Michigan Avenue Chicago, IL $ 529,999
7358 S Michigan Avenue
$ 529,999
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7358 S Michigan Avenue

Chicago, IL, 60619
$ 529,999
Bedrooms6 Baths0.0 Sq 6,266

Monthly Estimate*

$ 3,661

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Multi-Family Home for sale in Chicago, IL

for $529,999 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 well-maintained corner property offers an attractive opportunity for an investor or owner looking to add a multifamily asset to their portfolio. The building features six spacious units, a two-car garage, and excellent corner-lot visibility. Photos showcase a recently vacated unit that has been freshly painted, giving prospective buyers an opportunity to see the unit's spacious layout and refreshed condition. The property features a large basement with substantial extra space, offering excellent potential for the next owner. Buyers are encouraged to conduct their own due diligence regarding local zoning, building codes, and any required approvals for future use. With character, generous unit layouts, garage parking, and a desirable Park Manor location, this property offers an excellent opportunity to own a multifamily asset in a well-established neighborhood. Conveniently located near transportation and neighborhood amenities.

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Multi-Family Active

Price

$ 529,999

Bedrooms

6

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 Active
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
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Interior
Basement Unfinished
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Exterior
Building Area Total 6266
Lot Dimensions 30X158X31X158
Lot Size Acres 0.11
Frontage Type City Street Public Road
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* Excluded Features
List By
Real People Realty

Broker

jensing01@gmail.com

Email

Affordability Calculator

$4,065
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,661
Monthly Property Taxes
$404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/18/2026$529,999 -1.85% Price Down
10/4/2026$539,999 -1.82% Price Down
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 $529,999 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