Home Details for 7236 S Michigan Avenue

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)

• Parking

  • Detached
  • Garage

• Basement

  • Partially Finished
  • Full

• Heating Information

  • Other

• Water Features

  • Public