REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Greg Vinn

greg@vinnpropertygroup.com +1(773) 454-5660

Listed by Robert Hannof Munrovey Real Estate Inc.

Est. payment -/mo

Save

Price Dropped by $25K

7918 S Champlain AVE Chicago, IL 60619

9 Beds

0.85 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12701385

Style American 4-Sq.

Bedrooms 9

Year Built 1928

Annual Tax Amount $6,228

Tax Year 2024

Lot Size 0.850 Acres

Lot Dimensions 30X125

Property Sub-Type Two to Four Units

Property Description

Turnkey, income-producing investment opportunity in Chicago's desirable Chatham neighborhood! This fully occupied brick 3-flat generates $4,300 per month in rental income, providing immediate cash flow from day one. Tenants pay for gas and electric. The property has maintained the same tenants and rental rates for the last three years. Each spacious unit offers 3 bedrooms and 1 full bath, making this a highly desirable property for tenants and investors alike. Filled with classic Chicago charm, the building features hardwood floors, decorative fireplaces, built-in cabinetry, and timeless architectural details that continue to attract quality renters. The property also includes a 3-car brick garage and a full basement with front and rear access, generous ceiling height, and excellent potential for additional living space, storage, or future value-add opportunities (subject to City approval). Recent capital improvements include a boiler approximately 5 years old, roof approximately 5 years old, updated circuit breakers, and a hot water tank approximately 8 years old, helping reduce near-term maintenance concerns. Ideally located in the heart of Chatham, this property is just minutes from the transformative Obama Presidential Center, the Dan Ryan Expressway, public transportation, parks, shopping, and neighborhood amenities. With strong in-place income, solid building fundamentals, and long-term appreciation potential, this is an outstanding opportunity for both seasoned investors and owner-occupants looking to build wealth through real estate. Building being listed "As-Is"

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Exterior Entry, Storage Space, Full, Walk-Out Access

Interior

Heating Steam, Radiator(s)

Fireplace N

Exterior

Garage Spaces 3.0

View Y/N true

Roof Type Rubber,Flat

Building

Lot Description Common Grounds

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

Greg Vinn

Licensed Real Estate Agent

+1(773) 454-5660

Greg Vinn

7918 S Champlain AVE Chicago, IL 60619

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

7918 S Champlain AVE

Free Account Required