This classic Chicago brick income-producing two-flat offers a rare opportunity for investors or owner-occupants seeking strong upside potential. Tucked away on an oversized lot in a quiet, character-filled pocket near the lakefront, this property blends space, charm, and location. Inside, you’ll find hardwood floors, decorative fireplaces, and spacious layouts throughout. The first-floor duplex features 3 bedrooms, 2 bathrooms, and expanded living space, while the second-floor 3 bed / 1 bath unit is tenant-occupied on a month-to-month basis, providing immediate income potential. Each unit is equipped with its own separate washer and dryer, adding convenience and independence for both owner and tenant living. Major improvements include a new roof (2024), HVAC and furnace systems for both units under 10 years old, and water heaters replaced in 2019 and 2022. Separate utilities and central air for both units add long-term convenience and efficiency. Outside, the large fenced backyard with gazebo offers rare outdoor entertaining space, complete with a sliding rear gate for easy access and added functionality. Ideally positioned near South Shore Golf Course, Lake Shore Drive, Jackson Park, South Shore Cultural Center, the Obama Center, 71st Street Beach, Rainbow Beach, Quantum Shore, Hyde Park, and easy access to Downtown Chicago, this property offers an exceptional combination of accessibility, lifestyle, and hidden-character appeal. Estate sale – sold AS-IS.
Property Details
Price:
$379,000
MLS #:
MRD12605581
Status:
Active Under Contract
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Apr 9, 2026
Year Built:
1903
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Park, Lake, Curbs, Sidewalks, Street Lights
Construction Materials
Brick
Parking Features
Unassigned, Yes, Other
Parking Spots
2
Parking Total
2
Roof
Flat
Window Features
Screens
Financial
Tax Year
2023
Taxes
$3,956
Map
Community
- Address7223 S Coles Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
Market Summary
Current real estate data for Multi Family in Chicago as of May 16, 2026
1,371
Multi Family Listed
79
Avg DOM
$515,111
Avg List Price
Property Summary
- 7223 S Coles Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $379,000
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Copyright 2026. All rights reserved.
7223 S Coles Avenue
Chicago, IL


