Chicago, IL 60619 7206 S Champlain Avenue
$195,000



5 more






Presented By: Coldwell Banker Realty
Home Details
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!
Presented By: Coldwell Banker Realty
Interior Features for 7206 S Champlain Avenue
Bedrooms
Bedrooms Possible9
Total Bedrooms9
Bathrooms
Full Baths Building3
Half Baths Building
Total Baths3
Other Interior Features
BasementFinished, Exterior Entry, Full, Walk-Out Access
Total Number of Units3
General for 7206 S Champlain Avenue
Additional Parcels Y/NNo
Architectural StyleGreystone
CityChicago
Construction MaterialsStone, Limestone
CountyCook
DirectionsTake 71st Street east or west to Champlain Ave go south to property.
Elementary School District299
Garage Spaces2
HeatingSteam
High School District299
MLS AreaCHI - Greater Grand Crossing
Middle/Junior School District299
ModificationTimestamp2025-05-22T08:35:09.150Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofRubber
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePark Manor
Tax Annual Amount1407
Tax Year2022
Total Rooms20
TownshipHyde Park
Virtual TourClick here
Year Built1893
ZoningMULTI
Exterior for 7206 S Champlain Avenue
Foundation DetailsConcrete Perimeter
Lot Dimensions50X127
ModelGREYSTONE 3 FLAT
Parking FeaturesOn Site, Garage Owned, Detached, Garage
Total Parking2
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
