7206 S Champlain Ave Chicago, IL 60619
Park Manor NeighborhoodEstimated payment $1,087/month
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,407
Year Built
- Built in 1893
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Greystone Architecture
- Rubber Roof
- Stone Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Steam
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 50x127
Community Details
- 3 Units
- Park Manor Subdivision, Greystone 3 Flat Floorplan
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Price Changed | $185,000 | -2.6% | -- |
| 07/22/2025 07/22/25 | Price Changed | $190,000 | -2.6% | -- |
| 04/30/2025 04/30/25 | Price Changed | $195,000 | -2.5% | -- |
| 03/31/2025 03/31/25 | For Sale | $199,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12316636
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