Property for Sale: 7301 S Michigan, Chicago, IL 60619

$705,000
$705,000
7301 S Michigan, Chicago, IL 60619
$705,000
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Price:
$705,000

Type Commercial
Year Built 1925

City Chicago
County Cook

MLS 12192590
Status Active
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. All sales must be approved through the court. Got a big family? This building is the answer to a prayer. This could be your ticket to generational wealth building.

Room Features

Basement Description Unfinished

Lot & Building Features

Construction Brick
Cooling None
Tax Year 2023
Lot Dimensions 60X125 ft

Price History of 7301 Michigan, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $705,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Nancy Hotchkiss
Direct: 312-339-3405
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by J.A. Gibson & Associates, Ltd., Joyce Gibson
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20%
1%
6.75%
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
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7301 Michigan (MLS #12192590) is a commercial listing located in Chicago, IL. This property was listed on 10/19/2024 and has been priced for sale at $705,000.

Nearby zip codes are 60614, 60620, 60621, 60636 and 60637.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: J.A. Gibson & Associates, Ltd.