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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12616523MLS Provider

7230 S Talman AvenueChicago, IL 60629

Multi-Family · 7 Beds · 0.08 Acres
$469,900 Active

7230 S Talman Avenue Overview

Time on Site:
69 days
Visits:
0

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.

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7230 S Talman Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.08 Acres

Details

General

School Information

  • School District: 299

Income/Expenses

  • Gross Income: 3725

Building Information

  • New Construction: No
  • Year Built: 1926

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Chicago Lawn
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $11,133.15
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 19252100300000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 3
  • Bedrooms Total: 7
  • Bedrooms Possible: 7
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 17

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 3780
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1525
  • Beds Total: 3
  • Baths Total: 1

7230 S Talman Avenue Neighborhood

Community

60629 (Chicago) Demographics

31
Median Age
15,723
Population Density (per sq. mile)
16%
College Educated
$43,372
Estimated Median Income
17,958
Estimated Total Home Owners
14,003
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7230 S Talman Avenue Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7230 S Talman Avenue Market Data

Based on the last 30 days in this zip code

$302,012
Average List Price
$202
Average Price per Square Foot
29
Properties Sold
57
Average Days on Market
86
Properties for Sale
Calculations provided by Reliance Network

7230 S Talman Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$469,900 -2.1%
6/23/2026Source: MRED Status Change
Price Change
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Price Reduction
$479,900 -2.0%
5/11/2026Source: MRED Status Change
Price Change
4/27/2026Source: MRED Status Change
Active
4/22/2026Source: MRED Added to Database
April 22, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
February 07, 2022
3/15/2022Source: MRED Status Change
Closed
2/25/2022Source: MRED Status Change
Contingent