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7301 S Michigan Avenue
Chicago IL 60619 US

$685,000

Active Listing ID 12192590
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$685,000

Active Listing ID 12192590
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7301 S Michigan Avenue 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Roof Type: Rubber

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 685000
  • unparsedaddress: 7301 S Michigan Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60619
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.76177
  • longitude: -87.621133
  • listagentfullname: Joyce Gibson
  • listagentemail: jgibson999@aol.com
  • listagentkey: 3yd-MREDIL-118506
  • listagentmlsid: 118506
  • listagentpreferredphone: 7733244223
  • listagentofficephone: 7733244223
  • listofficekey: 3yd-MREDIL-12580
  • listagentstatelicense: 471010468
  • listofficemlsid: 12580
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1925
  • listingcontractdate: 2024-10-19
  • countyorparish: Cook
  • parcelnumber: 20271140330000
  • constructionmaterials: Brick
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Rubber
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: True
  • location: -87.62113, 41.76177
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"J.A. gibson Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jgibson999@aol.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jgibson999@aol.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"J.A. gibson Realty", "ListBrokeragePhone":"(773) 324-4223", "ListBrokeragePostalCode":"60649", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1750 E 71st Street", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"3501 E 106th Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"118506", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"jgibson999@aol.com", "ListOfficePostalCode":"60617", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12192590/?channel=rexren", "MLSModificationTimestamp":"2024-12-17T12:41:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - Greater Grand Crossing"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9327, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/17/2024 7:09:46 PM GMT
Source Updated Date: 12/25/2024 6:47:41 AM GMT

Courtesy of: Joyce Gibson, J.A. Gibson & Associates, Ltd., jgibson999@aol.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.