7301 South Michigan Avenue
$685,000
12
8
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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......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.
- Listed by Joyce Gibson • J.A. Gibson & Associates, Ltd.
Property Details for 7301 South Michigan Avenue
Area
CHI - Greater Grand Crossing
TownshipHyde Park
ZoningMULTI
LISTING UPDATED: 01/30/2025 03:23 PM
Property Details for 7301 South Michigan Avenue
Status | Active |
---|---|
MLS # | 12192590 |
Days on Market | 105 |
Taxes | $9,327 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Interior Entrance |
Year Built | 1925 |
Lot Size | 0.17 AC / 7,500 SF |
County | Cook County |
Building Information for 7301 South Michigan Avenue
Stories2Residences8Year Built1925Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 7301 South Michigan Avenue
Property History for 7301 South Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7301 South Michigan Avenue
Taxable ValueLand$5,313Additions$38,894Total$44,207
Tax Record2022$9,093 ($758 / month)
Home Facts
Stories2Lot Size9,660 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN20-27-114-033
Schools near 7301 South Michigan Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Charter - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Gary Comer College Prep Charter6 to 12 | ||
Englewood STEM High School Public9 to 12 | ||
YCCS-Progressive Leadership Acad Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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