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Morgan Park Multifamily Home for Sale

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    $275,000

    • 6 Beds
    • 2 Baths

    1721 W Steuben St, Chicago, IL 60643

    Smart Buy in Morgan Park! Welcome to this well-maintained, fully-occupied 2-flat in the heart of the neighborhood, perfect for first-time multifamily buyers or experienced investors looking to build long-term wealth. Priced at just $275k, this property sits on 3 full city lots - offering rare outdoor space, expansion potential , or added privacy. Each spacious unit features 3 bedrooms and 1

    Dona Crane EXIT Strategy Realty

    1721 W Steuben St, Chicago, IL 60643

Why Live in Morgan Park

Morgan Park, located 16 miles southwest of Downtown Chicago, is known for its beautiful architecture and community spirit. The neighborhood features a variety of home styles, including Georgian, Tudor Revival, Chicago brick bungalows, and ranch homes, with ivy-covered facades and brick streets adding to its charm. Homes are generally close together on smaller lots, with prices ranging from under $10,000 for lots or homes needing rehab to over $400,000 for larger, newly built houses. Morgan Park Academy, a private school with an A-plus rating, serves students from kindergarten through twelfth grade. The area is safer than the national average, contributing to its appeal for families. Residents enjoy numerous parks, such as the 5-acre Blackwelder Park and the 18.44-acre Kennedy Park, which offers sports fields, a roller rink, and an outdoor swimming pool. The Edna White Community Garden hosts seasonal activities, and the Beverly Arts Center provides a theater, art gallery, and music and dance studios. For shopping and dining, Marshfield Plaza features retailers like Walgreens and Jewel-Osco, while Western Avenue offers local favorites like Home Run Inn Pizzeria and Let’s Get Poppin. Creative Sippin provides evening art classes paired with wine. Public transportation is convenient with three Metra stations and several bus lines, and Interstate 57 runs through the eastern part of the neighborhood.

Home Trends in Morgan Park, IL

Housing Trends

Median Sale Price
$427,500
Median Single Family Sale Price
$458,000
Median Townhouse Sale Price
$400,000
Median 2 Bedroom Sale Price
$350,000
Median 1 Bedroom Sale Price
$266,500
Average Price Per Sq Ft
$257
Number of Homes for Sale
31
Last 12 months Home Sales
176
Months of Supply
2.10
Median List Price
$462,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
22%
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