7301 S Michigan Avenue, Chicago, Illinois 60619
- $660,000
- Sold Price
- $660,000
- List Price
- $665,000
- Closing Date
- Sep 25, 2025
- MLS#
- 12192590
- Status
- CLOSED
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Chicago
- Gross Rental Income
- 49200
- Neighborhood
- Park Manor
- Days On Market
- 198
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.
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Additional Information
- Tax Year
- 2023
- Tax Amount
- $9,327
- Year Built
- 1925
- Lot Dimensions
- 60X125
- Air Conditioning
- None
- Basement
- Yes
Mortgage Calculator
Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid
Selling Office: J.A. Gibson & Associates, Ltd..
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