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$499,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 2 days ago
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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 for 6618 S Michigan Ave

General

  • Price: $499,900
  • Taxes: $4,541 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12746651

Location

  • Area: CHI - Greater Grand Crossing
  • County: Cook
  • Township: Lake
  • Driving Directions: 67th St, East of Dan Ryan to Michigan, North to Property

Heating & Cooling

  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 2178

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

  • Insurance Fee: $4,442
  • Operating Expenses: $72,900
  • Assessment Year: 1965
  • Tax Amount: $4,541
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat, Hot Water
  • Pays Trash: 2178

Disclosures and Reports

  • Property ID: 20221050750000

Listed by Keller Williams Preferred Rlty

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— 6618 S Michigan Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 6618 S Michigan Ave

School District:Chicago Public School District 299
NameGradesDistance
Brownell Elementary School
6741 South Michigan Avenue, Chicago, IL 60637
PK-60.2 mi
Deneen Elementary School
7240 South Wabash Avenue, Chicago, IL 60619
7-80.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 6618 S Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$738
—
$4,700
34%
2023
$738
2%
$3,499
—
2022
$720
2%
$3,499
—
2021
$704
-69%
$3,499
-66%
2020
$2,272
—
$10,201
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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6618 S Michigan Avenue, Chicago, IL 60637 (MLS# 12746651) is a Commercial property. 6618 S Michigan Avenue is currently listed for $499,900 and was received on September 01, 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.

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