6240 Champlain Avenue, Woodlawn, Chicago, Illinois 60637
$434,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | 1910 |
| Property Taxes: | $4,730 |
| Days On Market: | 500 |
| Lot Size: | 0,00 |
Description
Welcome to 6240 S Champlain Ave, an exceptional investment opportunity in the rapidly developing West Woodlawn neighborhood. This well-maintained, CHA-approved multi-unit building offers both stability and growth potential for savvy investors and homeowners alike. Unit Breakdown: Unit 1 (First Floor, Duplex Down): Floors recently refinished Fresh paint throughout first floor 3 bedrooms on the first floor 2 bedrooms on the lower floor Currently vacant (last rented at $1,850/month) Unit 2 (Second Floor): 4 bedrooms, 1 bathroom Currently rented at $1,595/month Unit 3 (Garden Unit): 1 bedroom, 1 bathroom Currently rented at $1,120/month Building Amenities: Heating: Radiator heat for cozy and efficient living Laundry: On-site washer and dryer Parking: Parking pad at the rear of the house Investment Highlights: Washer/dryer onsite Owner-Occupancy Potential: Great opportunity to live in one unit while renting out the others Current Rental Income: $2,715 from two occupied units Potential Full Occupancy Income: Over $4,500/month Location Benefits: Prime Position: Close to major thoroughfares and public transportation, ensuring easy access to downtown Chicago and surrounding areas. Proximity: Near the prestigious University of Chicago, Washington Park, and the upcoming Obama Presidential Library, enhancing the neighborhood's cultural and historical significance. Community: Experience the vibrant, developing community of West Woodlawn, with ongoing revitalization projects adding to the area's appeal. Additional Benefits: As-Is Sale: The property is being sold as-is, with a 12-month home warranty included (up to $750). Thriving Community: Ideal for those looking to invest or settle down in a dynamic and growing neighborhood.
Property Specifics
| Multi-unit | |
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| 1910 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12103816 | |
| 20154200280000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Sep, 2010 | Sold | $45,000 | MRED MLS |
| 17 Sep, 2010 | Under contract | $49,900 | MRED MLS |
| — | Last price change | $59,900 | MRED MLS |
| 17 Jun, 2010 | Listed for sale | $49,900 | MRED MLS |
| 19 Jun, 2018 | Sold | $310,000 | MRED MLS |
| 1 May, 2018 | Under contract | $320,000 | MRED MLS |
| 23 Apr, 2018 | Listed for sale | $320,000 | MRED MLS |
| 15 Nov, 2024 | Sold | $434,000 | MRED MLS |
| 11 Oct, 2024 | Under contract | $434,900 | MRED MLS |
| — | Last price change | $449,500 | MRED MLS |
| 8 Jul, 2024 | Listed for sale | $449,500 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished
Other Specifics
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| 3750 SQ FT | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2010 | $4,040 |
| 2018 | $4,297 |
| 2024 | $4,730 |
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