Active
Price Change
7301 S Michigan Avenue
Chicago IL, 60619
$685,000
Active
Price Change
Multi-family
Built in 1925
Courtesy of J.A. Gibson & Associates, Ltd.
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.
12192590
MLSⓇ ID
October 19, 2024
Listed
December 17, 2024
Updated
Map
7301 S Michigan Avenue
Chicago IL, 60619
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Roof
Rubber
Other Property Details
Area Name
CHI - Greater Grand Crossing
Taxes
$9,327
Tax Frequency
Annually
Days on Market
60
Garage
No
View
No
County
Cook
Municipality
Hyde Park
Pool
No
Zoning
MULTI
Listing History
Date | Event | Price |
---|---|---|
12/17/2024 | Price change | $685,000 -3% |
Courtesy of J.A. Gibson & Associates, Ltd., Joyce Gibson,
Listing Contact: 773-398-7103
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Larita Thomas are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 12/17/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 6:13 PM UTC, 12/17/2024