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$459,900 Just Listed
Property Description
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.
Full Property Details
Full Property Details for 7230 S Talman Ave
General
- Price: $459,900
- Taxes: $11,133 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12700906
- Updated: Today (7/13/2026)
- Added to Site: Today
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 7
Location
- Area: CHI - Chicago Lawn
- County: Cook
- Township: Hyde Park
- Driving Directions: East or West on 71st, South on Talman to address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3780
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1926
- Tax Amount: $11,133.15
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 19252100300000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 7230 S Talman Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mckay Elementary School 6901 South Fairfield Avenue, Chicago, IL 60629 | PK-8 | 0.4 mi |
Gage Park High School 5630 South Rockwell Street, Chicago, IL 60629 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7230 S Talman Ave
Date
Details
Price
Change
Source
7/13/2026
Listed
$459,900
12.17%
MLS
3/14/2022
Sold
$410,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7230 S Talman Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,879
—
$55,169
140%
2023
$4,879
3%
$22,999
—
2022
$4,757
3%
$22,999
—
2021
$4,625
6%
$22,999
18%
2020
$4,358
-3%
$19,434
-12%
2019
$4,470
2%
$22,108
—
2018
$4,395
105%
$22,108
21%
2017
$2,144
-45%
$18,342
—
2016
$3,898
289%
$18,342
257%
2015
$1,002
-61%
$5,142
-60%
2014
$2,548
-25%
$12,875
-26%
2013
$3,396
1%
$17,481
—
2012
$3,364
—
$17,481
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7230 S Talman Ave
7230 S Talman Avenue, Chicago, IL 60629 (MLS# 12700906) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 7230 S Talman Avenue is currently listed for $459,900 and was received on July 13, 2026. This property is listed by Amal Khalil from our Hinsdale Office.Want to learn more about 7230 S Talman Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chicago Lawn? You can browse all Chicago Lawn real estate or contact a Coldwell Banker agent to request more information.

