7301 S Michigan AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60619
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12192590
Maintenance Fees $2,500
Year Built 1925
Annual Tax Amount $9,327
Tax Year 2023
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. 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.
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Interior
Cooling None
Exterior
Utilities Available Sanitary Sewer,Water-Municipal
Roof Type Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick