7206 S Champlain Avenue
For Sale

7206 S Champlain Avenue

7206 S Champlain Avenue, Chicago, IL 60619

$195,000
Investor's Dream - Full Gut Rehab in Greater Grand Crossing! Unlock endless potential with this classic 2-flat Greystone in Chicago's vibrant Park Manor neighborhood. Whether you're a seasoned investor or an ambitious buyer, this gem offers limitless possibilities to maximize your returns. Add a third unit by converting the walk-out basement into an income-generating apartment and transform this property into a true moneymaker. Exuding timeless charm with its historic facade and solid structure, each unit boasts 3 spacious bedrooms, elegant formal living and dining rooms, and eat-in kitchens with walk-in pantries. Original hardwood floors throughout are ready to be restored to their former glory, adding unmatched character to every inch of this property. The full walk-out basement is bursting with potential for additional living space, creating the perfect opportunity for multi-family living or rental income. With estimated rental earnings of $4,800 monthly-equivalent to an impressive $57,600 annually-this property is primed for substantial financial gain. The expansive side lot is an entertainer's paradise, ideal for gatherings, grilling, or creating a lush retreat, while the 2-car garage ensures convenience and added value. Strategically located in the Greater Grand Crossing community, this property is close to schools, parks, public transportation, and shopping, making it a prime location for tenants or homeowners alike. Whether you envision flipping it for profit, renting it out for steady income, or restoring it to perfection, the possibilities here are truly boundless. Don't miss the chance to turn your vision into reality with this once-in-a-lifetime investment opportunity. Schedule a showing today and start building your future!

9
beds

3
baths

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 7206 S Champlain Avenue, Chicago, IL 60619. We are reviewing your request and will be in touch shortly!
Paulette Edwards

Paulette Edwards

Sybil Martin

Sybil Martin

Features & Amenities

Interior

  • total bedrooms9
  • Total bathrooms3

Area & Lot

  • Status For Sale
  • MLS® ID12316636
  • TypeMulti-Family
  • YEAR BUILT1893
  • Architecture StylesGreystone
  • School District299

Exterior

  • Garage Space2.0
  • water SourceLake Michigan
  • roofRubber
  • parkingOn Site, Garage Owned, Detached, Garage
  • HEAT TYPESteam
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$195,000
  • Real Estate Tax $1,407/yr
  • Zoning MULTI
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At Coldwell Banker Residential Brokerage, we will take care of all your home buying needs. From researching communities to showing available properties to negotiate on your behalf, we will be with you every step of the way.