7206 S Champlain Avenue Chicago, IL $ 185,000
7206 S Champlain Avenue
$ 185,000
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7206 S Champlain Avenue

Chicago, IL, 60619
$ 185,000
Bedrooms9 Baths3.0 Sq 4,700

Monthly Estimate*

$ 1,154

7206 S Champlain Avenue, Chicago, IL 60619 - Image 1
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7206 S Champlain Avenue, Chicago, IL 60619 - Image 9
7206 S Champlain Avenue, Chicago, IL 60619 - Image 10

Multi-Family Home for sale in Chicago, IL

for $185,000 with 9 bedrooms and 3 full baths. This 4,700 square foot home was built in 1893.

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!

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Multi-Family Active

Price

$ 185,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,407

Style

Greystone

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12316636

Features
Exterior
Model GREYSTONE 3 FLAT
Parking Features On Site Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 50X127
Waterfront Y/N N
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General
Sewer Public Sewer
Heating Steam
Possession Closing
Roof Rubber
Zoning MULTI
Garage Spaces 2
Architectural Style Greystone
Construction Materials Stone Limestone
Year Built 1893
Township Hyde Park
Tax Year 2022
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Park Manor
Total Rooms 20
Status Active
Directions Take 71st Street east or west to Champlain Ave go south to property.
City Chicago
High School District 299
MLS Area CHI - Greater Grand Crossing
Tax Annual Amount 1407
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Exterior Entry Full Walk-Out Access
Total Bedrooms 9
Total Baths 3
Bedrooms Possible 9
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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* Excluded Features
List By
Coldwell Banker Realty

Broker

paulette.edwards@cbexchange.com

Email

Affordability Calculator

$1,271
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,154
Monthly Property Taxes
$117
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/29/2025$185,000 -2.63% Price Down
7/22/2025$190,000 -2.56% Price Down
4/30/2025$195,000 -2.45% Price Down
3/31/2025$199,900 Listed Price

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7206 S Champlain Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $185,000 with 4,700 sqft. 7206 S Champlain Avenue has 9 bedrooms, 3.0 baths, and was built in 1893. The property's zip code is 60619 which is in Chicago, IL