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$490,900
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Property Description
A rare opportunity to acquire a well-maintained multifamily asset that has been carefully owned and cared for by the same family for generations. The owners are now retiring, creating an excellent opportunity for a new investor to take advantage of this unique property. Each unit features a distinctive three-level townhome-style layout with 3 bedrooms and 1.1 baths, updated kitchens and bathrooms, individual hot water tanks, and forced-air furnaces. Durable brick and Flexicore construction, along with full basements, adds long-term value and functionality. The property also offers potential for increased rental income, making it an attractive opportunity for investors seeking both stability and upside. Proof of funds is required prior to scheduling a showing. Qualified buyers only.
Full Property Details
Full Property Details for 6618 S Michigan Ave
General
- Sold For: $490,900
- Taxes: $4,541 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12746651
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 67th St, East of Dan Ryan to Michigan, North to Property
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Dimensions: 1553
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $72,900
- Assessment Year: 1965
- Tax Amount: $4,541
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Hot Water
Disclosures and Reports
- Property ID: 20221050750000
Listed by Keller Williams Preferred Rlty
Sold by Kale Realty
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Schools
Schools serving 6618 S Michigan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Brownell Elementary School 6741 South Michigan Avenue, Chicago, IL 60637 | PK-6 | 0.2 mi |
Deneen Elementary School 7240 South Wabash Avenue, Chicago, IL 60619 | 7-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
6618 S Michigan Avenue, Chicago, IL 60637 (MLS# 12746651) is a Commercial property that was sold at $490,900 on October 26, 2026. Want to learn more about 6618 S Michigan Avenue? Do you have questions about finding other Commercial real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.

