7918 Champlain Avenue, Chatham, Chicago, Illinois 60619
$475,000
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1928 |
| Property Taxes: | $6,228 |
| Days On Market: | 19 |
| Lot Size: | 0,85 |
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"
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1928 | |
| — | |
| 3 FLAT | |
| No | |
| 0.85 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12701385 | |
| 20342040210000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Jun, 2023 | Sold | $325,000 | MRED MLS |
| 8 May, 2023 | Under contract | $349,000 | MRED MLS |
| 18 Jul, 2022 | Listed for sale | $349,000 | MRED MLS |
| 10 Jul, 2026 | Listed for sale | $475,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 3 | |
| — | |
| — | |
| — | |
| — | |
| 30X125 | |
| — | |
| — | |
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| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $4,056 |
| 2026 | $6,228 |
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Listing Provided By
Munrovey Real Estate Inc.
