7227 S Michigan Avenue, Chicago, IL

$400,000

Previous Next

6

Beds

About 7227 S Michigan Avenue

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!

Features of 7227 S Michigan Avenue

MLS® # 12597509
Price $400,000
Bedrooms 6
Bathrooms 0.00
Year Built 1916
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 7227 S Michigan Avenue
Area CHI - Greater Grand Crossing
City Chicago
County Cook
State IL
Zip Code 60619

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 63
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBerg Properties

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?