6618 S Michigan Avenue

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Address: 6618 S Michigan Ave, Chicago, IL 60637, USA
Chicago & Midwest + Apartment Buildings
Created date: September 4, 2026
Date last updated: October 6, 2026
Price: $499,900Investment Analyzer NEW!

Property Description

A rare opportunity to acquire a well-maintained multifamily asset that has been carefully owned and cared for by the same family for generations. The owners are now retiring, creating an excellent opportunity for a new investor to take advantage of this unique property. Each unit features a distinctive three-level townhome-style layout with 3 bedrooms and 1.1 baths, updated kitchens and bathrooms, individual hot water tanks, and forced-air furnaces. Durable brick and Flexicore construction, along with full basements, adds long-term value and functionality. The property also offers potential for increased rental income, making it an attractive opportunity for investors seeking both stability and upside. Proof of funds is required prior to scheduling a showing. Qualified buyers only.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $499,900
No. of Units: 5
Year Built: 1965
Opportunity Zone: No
Price per unit: $99,980
Property Website Click Here
Number of Bedrooms: 15
Number of Bathrooms: 5
Address: 6618 S Michigan Avenue, Chicago, IL 60637, USA
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Step 1Financing Calculation

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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