7301 S Michigan Avenue
Chicago, IL, 60619
$665,000
Beds
0 Baths
0 SqFt
0 Acres
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$665,000
7301 S Michigan Avenue
Chicago, IL, 60619
MLS #MRD12192590 image #0
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 Details

Price:
$665,000
MLS #:
MRD12192590
Status:
Pending
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – Greater Grand Crossing
Listed Date:
Oct 19, 2024
Year Built:
1925
Chi – Greater Grand CrossingChi – Greater Grand Crossing

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Roof
Rubber

Financial

Maintenance Fee
$2,500
Net Operating Income
$23,354
Tax Year
2023
Taxes
$9,327
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 02, 2025
1,063
Commercial Listed
164
Avg DOM
151
Avg $ / SqFt
$1,045,606
Avg List Price

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Property Summary

    7301 S Michigan Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60619. It is listed for $665,000 To schedule a showing of MLS#mrd12192590 at 7301 S Michigan Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7301 S Michigan Avenue
Chicago, IL