7230 S Talman Avenue, Chicago, IL

$489,900

Overview

  • 385139
  • Property ID
  • Updated On:
  • April 26, 2026
  • 7
  • Bedrooms
  • 3
  • Bathrooms
  • 0 ft2
  • Property Lot Size

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.

Bathrooms
3
Bedrooms
5+
Climate Control
Heating
Other Features
Brick
Lake Michigan
Natural Gas
Public Sewer

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$2,511.81
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,899.44

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Information for the property at 7230 S Talman Avenue, Chicago, IL, 60629 (Property ID: 385139) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi