7227 S Michigan AvenueChicago, IL 60619
Cook County
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 Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1916
- Lot dimensions
- 4800
- Ownership
- Fee Simple
- Days on market
- 181
- MLS® Listing#
- 12597509
Property Features
- Heating
- Natural Gas
- Basement
- Unfinished · Full
- Construction
- Brick
- Sewer
- Public Sewer
Financial Details
- Annual taxes
- $3,376Tax year 2023
- Parcel number
- 20271080090000
Directions
Southtown Sub, Head toward S Michigan Ave, Turn left onto S Michigan Ave.
Listing Courtesy: Berg Properties - 8882769959
Last Updated: 2026-03-20
Chicago Market Statistics
How this home compares to 4,594 active listings in Chicago, IL
| Chicago median | This listing | |
|---|---|---|
| Median listing price | $384,317 | $400,000 |
| Median days on market | 27 | 181 |
| Median Sq Ft | 1,400 | — |
| Median price / Sq Ft | $275 | — |
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
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