7206 S Champlain Ave Chicago, IL 60619
Park Manor NeighborhoodEstimated payment $1,080/month
Highlights
- Greystone Architecture
- 2 Car Detached Garage
- Heating System Uses Steam
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
Lot Details
- Lot Dimensions are 50x127
Parking
- 2 Car Detached Garage
- Parking Available
- Parking Included in Price
Home Design
- Greystone Architecture
- Rubber Roof
- Stone Siding
- Concrete Perimeter Foundation
- Limestone
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Utilities
- Heating System Uses Steam
- Lake Michigan Water
Community Details
- 3 Units
- Park Manor Subdivision, Greystone 3 Flat Floorplan
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,484 | $16,800 | $5,625 | $11,175 |
| 2024 | $1,484 | $16,800 | $5,625 | $11,175 |
| 2023 | $1,407 | $13,001 | $7,813 | $5,188 |
| 2022 | $1,407 | $13,001 | $7,813 | $5,188 |
| 2021 | $85 | $12,999 | $7,812 | $5,187 |
| 2020 | $88 | $15,484 | $7,812 | $7,672 |
| 2019 | $87 | $17,596 | $7,812 | $9,784 |
| 2018 | $86 | $17,596 | $7,812 | $9,784 |
| 2017 | $92 | $21,241 | $6,875 | $14,366 |
| 2016 | $3,397 | $21,241 | $6,875 | $14,366 |
| 2015 | $499 | $21,241 | $6,875 | $14,366 |
| 2014 | $2,551 | $18,153 | $5,625 | $12,528 |
| 2013 | $3,302 | $18,153 | $5,625 | $12,528 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2026 02/01/26 | Pending | -- | -- | -- |
| 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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