7206 S Champlain Avenue Chicago, IL 60619
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Coldwell Banker Realty / Paulette Edwards / Sybil Martin

  7206 S Champlain Avenue Chicago, IL 60619

Active (67 Days)
$195,000
9
BED
3
BATH

Description

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!

MLS #:
12316636
Taxes
$1,407(2022)
Type
Multifamily
Year Built
1893
Style
Greystone
School District
299
County
Cook County
Community
Park Manor

Listed By

Paulette Edwards, Coldwell Banker Realty
Sybil Martin, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Jun 5 2025 at 7:29 PM GMT+0000
Bathroom Details
Subdivision
  • Park Manor
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Steam
Basement Information
  • Finished
  • Exterior Entry
  • Full
  • Walk-Out Access
Exterior Features
  • Roof: Rubber
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
Parking
  • On Site
  • Garage Owned
  • Detached
  • Garage
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 30, 2025
Price Changed
$195,000
-2%
-4,900
Mar 31, 2025
Original Price
$199,900
-
-
Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.