


7227 S Michigan AvenueChicago, IL 60619
Multi-Family · 6 Beds7227 S Michigan Avenue Overview
- Time on Site:
- 101 days
- Visits:
- 0
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!
7227 S Michigan Avenue Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 299
Building Information
- New Construction: No
- Year Built: 1916
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Greater Grand Crossing
- Township: Hyde Park
Tax Information
- Tax Annual Amount: $3,376.00
- Tax Year: 2023
General Information
- Ownership: Fee Simple
- Parcel Number: 20271080090000
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 0
Beds/Baths
- Bathrooms Total: 2
- Bedrooms Total: 6
- Bedrooms Possible: 6
- Full Baths Building: 2
General Information
- Basement: Unfinished, Full
- Heating: Natural Gas
- Rooms Total: 6
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Dimensions: 4800
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 3
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 1
7227 S Michigan Avenue Neighborhood
Community
60619 (Chicago) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7227 S Michigan Avenue Monthly Cost
7227 S Michigan Avenue Market Data
Based on the last 30 days in this zip code
7227 S Michigan Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/20/2026Source: MRED | Active |
|
| 5/15/2026Source: MRED | Re-activated |
|
| 5/12/2026Source: MRED | Contingent |
|
| 5/10/2026Source: MRED | Active |
|
| 5/5/2026Source: MRED | Re-activated |
|
| 4/29/2026Source: MRED | Contingent |
|
| 4/11/2026Source: MRED | Active |
|
| 4/6/2026Source: MRED | $400,000 -9.1% |
|
| 4/6/2026Source: MRED | Price Change |
|
| 3/25/2026Source: MRED | Active |
|
| 3/21/2026Source: MRED | March 21, 2026 |
































