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7230 S Talman Avenue Chicago, IL 60629 Multi Unit - Multiple New

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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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 7
Bathrooms: 3
County: Cook
Listed By:
Coldwell Banker Realty 630-789-8280
MRED MLS
$459,900
Est. $3,039/mo
7beds
3baths
New to the Market New
BEDS7 BATHS3 full MLS#12700906
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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7230 S Talman Avenue , Chicago, IL 60629.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $459,900$459,900$459,900
Down Payment $91,980$16,097$114,975
Monthly Mortgage Amount $2,265$2,780$2,841
Taxes $640$640$640
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$202$0
Monthly Estimated Total $3,039$3,756$3,615

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