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35 Properties Within 0.5 miles of: 7301 S Michigan, Chicago

7301 S Michigan
Chicago, IL 60619

  • Built In 1925
Price

$665,000

Est Payment
$4,302 / month (details)  
Taxes
$9,327  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
60X125  
Built
1925  
Neighborhood
Park Manor  
MLS
#12192590
Status
Active (6 months)

Property Description

Everybody wants Chatham, but only a few properties come up for sale that are in the heart of Chatham between State and King Drive. This 8-unit gem has been owned by one family since 1956. Has spacious units with dining rooms and large kitchens. There are 4 - 2 bedroom units and 4- 1bdrm units. Most units have dining rooms. Not found in the average commercial buildings. This property was built for family living. Has 4 car garage and ample rear yard for those lazy summer outdoor activities. Let's talk... This is a great building for a family or for an investor looking to get maximum return on investment. Cause everybody want to live in a community that shows the pride of ownership. Let's be clear, the current rents do not reflect earning potential because of long term tenants. The heirs have decided to give another owner the experience and pleasure of Chatham ownership. A Quiet block, close to schools, shopping and transportation. This is the heart of Chatham. A great place to raise a family or spend your retirement. No problem getting good tenants in this area. Come and see why Chatham is the most desirable far southside community in Chicago. This is an area with long term tenants and owners where neighbors really know each other. Buyers must be pre-qualified. No offer accepted without lender approval . This is not your typical apartment building. This property has been lovingly cared for by one family for more than sixty years. Roof was recently re-coated as part of regular maintenance program. Got a big family? This building is the answer to a prayer. This could be your ticket to generational wealth building.

Property Map

Property Details

Utilities

  • Heating
  • Cooling None
  • Water Municipal Water
  • Sewer

Additional Information

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

Listing History

10-19-2024 Listed at $705,000
12-17-2024 Price decreased by $20,000 to $685,000
03-20-2025 Status changed to Under Contract
04-02-2025 Status changed to Active
04-04-2025 Status changed to Expired
04-07-2025 Price decreased by $20,000 to $665,000
04-07-2025 Status changed to Active
Last Modified 4/13/25 12:05 AM

Nearby Transportation

  • Bus 29 0.2 mi
  • Bus 75 0.2 mi
  • Bus 71 0.3 mi
  • Bus 3 0.3 mi
  • Bus 24 0.4 mi
  • Bus 67 0.5 mi
  • Bus 30 0.5 mi
  • Bus 5 0.5 mi
  • Bus 95 0.5 mi
  • Bus 169 0.5 mi
  • Bus 79 0.7 mi
  • Bus 8A 0.8 mi
  • Bus 4 0.8 mi
  • Bus 8 1.2 mi
  • Red Line 0.5 mi
  • I 94 West 0.2 mi
  • I 94 East 0.3 mi
  • I 90 East 0.7 mi
  • I 90 West 1.4 mi
  • Hwy 57 3.1 mi
  • Hwy 57 3.5 mi
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