7236 S Michigan Avenue, Chicago, IL 60619
Local realty services provided by:CENTURY 21 New Beginnings
Listed by: henry jones, jeremiah jones
Office: manifest homes corporation
MLS#:12536649
Source:MLSNI
Price summary
- Price:$249,700
About this home
INVESTOR OPPORTUNITY: Classic Brick Two-Flat Sold AS-IS AS-IS SALE PROPERTY HIGHLIGHTS: Welcome to a solid investment opportunity in Greater Grand Crossing! This classic 1923 brick two-flat offers 6 bedrooms, 2 bathrooms across two spacious 3BD/1BA units, plus a detached brick 2-car garage-all sitting on an extra-large lot with excellent bones and strong rental demand fundamentals. PROPERTY FEATURES: Two 3-bedroom, 1-bathroom units providing dual income streams Classic brick construction with timeless curb appeal and long-term durability Detached brick 2-car garage offering additional storage or parking income potential Oversized lot (33x125) providing expansion possibilities and valuable outdoor space Full unfinished basement ready for finishing or additional storage 14 total rooms across both units offering excellent rental value Prime location with convenient access to I-90/94, CTA Red Line, shopping, dining, and parks INVESTMENT POTENTIAL: This property is priced to provide room in your budget for value-add improvements. Greater Grand Crossing offers strong rental demand with accessibility to downtown, major transportation corridors, and neighborhood amenities. The dual-unit configuration is perfect for: Buy-and-hold investors seeking steady cash flow House hackers looking to live in one unit and rent the other Value-add investors ready to renovate and reposition Portfolio builders adding performing multi-family assets LOCATION ADVANTAGES: Situated in Greater Grand Crossing with excellent connectivity to downtown Chicago, CTA public transportation, local schools, parks, and shopping. The neighborhood provides an ideal combination of affordability and accessibility for tenants and investors alike. PROPERTY CONDITION & TERMS: SOLD STRICTLY AS-IS. Property is being sold in its current condition without warranties, guarantees, repairs, or representation as to accuracy of information provided. Buyer is responsible for all inspections, due diligence, and verification of property details. Seller will not provide any repair credits or make improvements prior to closing. This AS-IS pricing allows sophisticated investors to acquire below replacement cost with built-in equity potential. Updates and cosmetic improvements will immediately increase rental rates and overall property value. FINANCING SOLUTIONS AVAILABLE: Listing agent is a dual-licensed Real Estate Broker AND Mortgage Loan Officer (NMLS #2514797), offering multiple financing pathways including conventional, FHA, VA, portfolio loans, and DSCR investor financing. PROPERTY DETAILS: Year Built: 1923 Property Type: Two-Flat Multi-Family Total Bedrooms: 6 (3 per unit) Total Bathrooms: 2 (1 per unit) Lot Dimensions: 33 x 125 Basement: Full, Unfinished Garage: Detached Brick 2-Car Exterior: Brick Utilities: Separate (tenant-paid) Property Taxes: $4,640 (2023). The TV Show Chicago PD is filming an episode from 01/12/2026-01-15-2026 so we are off the market until 01/16/2026...
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Home facts
- Year built:1923
- Listing ID #:12536649
- Added:61 day(s) ago
- Updated:February 26, 2026 at 03:28 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:14
- Basement:Yes
- Basement Description:Full, Partially Finished
Structure and exterior
- Year built:1923
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,700
- Tax amount:$4,575 (2023)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 7236 S Michigan Avenue
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