7918 S Champlain Avenue, Chicago, IL 60619
Local realty services provided by:CENTURY 21 New Beginnings
7918 S Champlain Avenue,Chicago, IL 60619
$450,000
- 9 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: robert hann
Office: munrovey real estate inc.
MLS#:12701385
Source:MLSNI
Price summary
- Price:$450,000
About this home
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"...
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Home facts
- Year built:1928
- Listing ID #:12701385
- Updated:September 12, 2026 at 11:16 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:18
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Radiator(s), Steam
Structure and exterior
- Roof:Flat, Rubber
- Year built:1928
- Lot area:0.85 Acres
- Lot Features:Common Grounds
- Architectural Style:American 4-Square
- Foundation Description:Concrete Perimeter
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$450,000
- Tax amount:$6,228 (2024)
Parking
- Total parking spaces:3
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:3
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