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7230 S Talman Ave, Chicago, IL, 60629

7beds
3baths
--sqft
$479,900
--price/sqft
$3,524/moest. monthly cost
$140,960/yrincome needed

About This Home

Exceptional investment opportunity in Chicago's Marquette Park neighborhood! This versatile property features a two-unit main building plus a separate coach house, offering three total income-generating units on one lot. The main building includes two spacious units, each offering 2 bedrooms and 1 bathroom with functional layouts and comfortable living space. The rear coach house adds even more value with a 3-bedroom, 1-bath unit-ideal for maximizing rental income, multigenerational living, or an owner-occupant setup. With multiple streams of income and a desirable unit mix, this property is perfect for investors looking to expand their portfolio or buyers seeking to supplement their mortgage with rental income. Property taxes currently do not reflect a homeowner's exemption, presenting a potential opportunity for reduced taxes if owner-occupied. Conveniently located near parks, schools, shopping, and public transportation, this property benefits from strong rental demand and long-term growth potential.

Getting Around

61
WalkingSomewhat Walkable
59
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

3/10
Mckay Elementary SchoolGrades PK-80.4 mi
1/10
Gage Park High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1926

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 19252100300000
  • Zoning: MULTI
  • Special condition: None

Lot

  • Lot size: 3,484 sqft