Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
31 Properties Within 0.5 miles of: 7227 S Michigan, Chicago

7227 S Michigan
Chicago, IL 60619

  • 6 Beds
  • Built In 1916
Price

$439,900

Est Payment
$2,441 / month (details)  
Taxes
$3,376  
Beds
6  
Rooms
6  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
4800  
Built
1916  
Neighborhood
Park Manor  
MLS
#12597509
Status
Active (3 days)

Property Description

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!

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Schools
District 299

Payment Calculator

$
$
$
$
$
%
$
years
%
Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

03-20-2026 Listed at $439,900
Last Modified 3/20/26 4:48 PM

Nearby Transportation

  • Bus 71 0.2 mi
  • Bus 29 0.2 mi
  • Bus 3 0.3 mi
  • Bus 75 0.3 mi
  • Bus 67 0.4 mi
  • Bus 30 0.4 mi
  • Bus 5 0.4 mi
  • Bus 95 0.4 mi
  • Bus 24 0.4 mi
  • Bus 169 0.5 mi
  • Bus 4 0.8 mi
  • Bus 79 0.8 mi
  • Bus 8A 0.9 mi
  • Bus 63 1.2 mi
  • Bus 8 1.2 mi
  • Red Line 0.4 mi
  • Green Line 1.2 mi
  • I 94 West 0.2 mi
  • I 94 East 0.3 mi
  • I 90 East 0.6 mi
  • I 90 West 1.3 mi
  • Hwy 57 3.2 mi
  • Hwy 57 3.5 mi
grid
Register to see 1 more properties