7230 South Talman, Chicago IL 60629
- Units 3
- Total Beds 7
- Total Baths 3
- Taxes $11,133.15
- Payment Estimate View Mortgage Calculator
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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.
Features & Information
Key Details
- List Price $489,900
- Property Taxes $11,133.15
- Price/ Sq. Ft. Unavailable
- Year Built 1926
- Parking Type None
- Status Active
Rooms
- Total Rooms 17
- Basement F
Exterior Features
-
Parking
- Parking Details None
- # of Cars: 0
Building Information
- Number of Units 3
- Age of Building 91-100 Years
- Exterior Construction Brick
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator
- Unit 2 None
- Unit 3 Stove, Refrigerator, Washer, Dryer
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property East Or West On 71st, South On Talman To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 11133.15
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 19252100300000
Utilities
- Sewer Sewer-Publ
Listed by: Coldwell Banker Realty | Phone: 630.789.8280
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 5/4/2026 11:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Margate Park
An abundance of green spaces and lakeside activities blend with quiet, residential streets to make this sub-neighborhood of Uptown an ideal place for people-on-the-go and stay-at-home types alike. Margate Park is not a very large Chicago community, yet it manages to squeeze in quite a bit of public parkland and recreation spots in its limited area. Margate Parkers can easily ride their bikes and jog along the shoreline, soak up the sun at the beach, participate in volleyball and basketball games, and picnic in the park. Families enjoy the neighborhood's interactive playgrounds and dog-owners are fans of Puptown, the fully enclosed, off-leash dog park. Because of its prime waterfront location, much of Margate Park real estate is highly desirable. Renovated older flats offer a vintage appeal with modern living spaces, for affordable prices to boot. Although Margate Park is mostly a relaxed beach town, Sheridan Road supplies the community with a commercial kick of tasty restaurants, a few shops and a handful of grocery stores.
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