7227 S Michigan Avenue
Chicago, IL 60619
6
Bed
2
Bath
Turnkey Investment Opportunity - Fully Updated 2-Unit Building in Chatham/Park Manor Welcome to 7227 Michigan Ave-an exceptional opportunity to own a newly updated, income-producing building in the sought-after Chatham/Park Manor neighborhood. This well-maintained property features three spacious 3-bedroom, 1-bathroom apartments, making it ideal for investors seeking strong rental income or owner-occupants looking to live in one unit while generating revenue from the others. Each unit has been recently renovated with modern finishes, including beautiful hardwood floors throughout and updated kitchens with sleek granite countertops. The thoughtful upgrades and solid layout appeal to today's renters, helping ensure consistent occupancy and long-term value. The property also offers o
Property Details
Map
Map
Features
-
Bedroom Information
Total Bedroom: 6Bathroom Information
Total Baths: 2Room Information
Rooms Total: 6 -
Flooring Information
Construction Materials: Brick -
Heating & Cooling
Heating: Natural Gas WaterSource: Lake Michigan
-
Building Information
Year Built: 1916
-
Lot Information
Lot Dimensions: 4800 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
-
Listing Price Information
Original List Price:$439900
-
Tax Information
Annual Tax: $3376 Tax Year: 2023 Parcel Number: 20271080090000
-
Utility Information
Sewer: Public Sewer Water Source: Lake Michigan -
Location Information
City: Chicago Direction: Southtown Sub, Head toward S Michigan Ave, Turn left onto S Michigan Ave.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 414 E 91st Place, Chicago, IL, 60619 | $230,000 | 3 | 2 | 1,419 | 1,419 SqFt |
| 46 E 91st Street, Chicago, IL, 60619 | $265,000 | 3 | 2 | 1,400 | 1,400 SqFt |
| 8641 S Calumet Avenue, Chicago, IL, 60619 | $225,000 | 3 | 2 | 1,000 | 1,000 SqFt |
| 9348 S Michigan Avenue, Chicago, IL, 60619 | $330,000 | 4 | 3 | 1,488 | 1,488 SqFt |
| 1518 E 73rd Place, Chicago, IL, 60619 | $320,000 | 6 | 2 | 1,880 | 1,880 SqFt |
| 9209 S State Street, Chicago, IL, 60619 | $319,000 | 5 | 3 | 1,290 | 1,290 SqFt |
| 7316 S Wabash Avenue, Chicago, IL, 60619 | $289,900 | 4 | 3 | 2,160 | 2,160 SqFt |
| 9256 S Calumet Avenue, Chicago, IL, 60619 | $259,800 | 5 | 2 | 1,800 | 1,800 SqFt |
| 8213 S Indiana Avenue, Chicago, IL, 60619 | $360,000 | 4 | 2 | -- | |
| 9215 S Cottage Grove Av.., Chicago, IL, 60619 | $52,000 | 2 | 1 | -- |
Similar Homes To 7227 S Michigan Avenue
Nearby For Sale
Disclaimer: The information being provided courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Midwest Real Estate Data LLC (MRED). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of Midwest Real Estate Data LLC (MRED). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 06/22/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. 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.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
ByOwner last updated this listing 06/22/2026 @ 18:20
More Cities with for Sale by Owner Homes
- Chicago Homes For Sale By Owner
- Cicero Homes For Sale By Owner
- Oak Park Homes For Sale By Owner
- Crest Hill Homes For Sale By Owner
- Berwyn Homes For Sale By Owner
- STICKNEY Homes For Sale By Owner
- Elmwood Park Homes For Sale By Owner
- Forest Park Homes For Sale By Owner
- Lincolnwood Homes For Sale By Owner
- River Forest Homes For Sale By Owner
- NORTH RIVERSIDE Homes For Sale By Owner
- Riverside Homes For Sale By Owner
- Harwood Heights Homes For Sale By Owner
- Lyons Homes For Sale By Owner
- River Grove Homes For Sale By Owner
- Maywood Homes For Sale By Owner
- Skokie Homes For Sale By Owner
- NORRIDGE Homes For Sale By Owner
- Hometown Homes For Sale By Owner
- Stone Park Homes For Sale By Owner
Homes around $400,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.