7918 S Champlain Ave Chicago, IL 60619
Chatham NeighborhoodEstimated payment $2,993/month
Highlights
- 0.85 Acre Lot
- 3 Car Detached Garage
- Entrance Foyer
- American Four Square Architecture
- Porch
- Heating System Uses Steam
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,228
Year Built
- Built in 1928
Lot Details
- 37,026 Sq Ft Lot
- Lot Dimensions are 30x125
- Paved or Partially Paved Lot
Parking
- 3 Car Detached Garage
- Parking Available
- Garage Door Opener
Home Design
- American Four Square Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Entrance Foyer
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Basement Storage
Outdoor Features
- Porch
Utilities
- Radiator
- Heating System Uses Steam
- Lake Michigan Water
Community Details
Overview
- 3 Units
- 3 Flat
Additional Features
- Common Area
- Gross Income $51,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,486 | $31,000 | $2,790 | $28,210 |
| 2024 | $5,486 | $31,000 | $2,790 | $28,210 |
| 2023 | $5,348 | $26,000 | $4,650 | $21,350 |
| 2022 | $5,348 | $26,000 | $4,650 | $21,350 |
| 2021 | $5,228 | $26,000 | $4,650 | $21,350 |
| 2020 | $4,056 | $18,209 | $3,348 | $14,861 |
| 2019 | $4,157 | $20,692 | $3,348 | $17,344 |
| 2018 | $4,087 | $20,692 | $3,348 | $17,344 |
| 2017 | $4,620 | $21,460 | $2,976 | $18,484 |
| 2016 | $4,298 | $21,460 | $2,976 | $18,484 |
| 2015 | $3,932 | $21,460 | $2,976 | $18,484 |
| 2014 | $3,644 | $19,642 | $2,604 | $17,038 |
| 2013 | $3,572 | $19,642 | $2,604 | $17,038 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2026 08/12/26 | Price Changed | $450,000 | -5.3% | -- | |
| 07/10/2026 07/10/26 | For Sale | $475,000 | +46.2% | -- | |
| 06/16/2023 06/16/23 | Sold | $325,000 | -6.9% | $71 / Sq Ft | View Prior Sale |
| 05/08/2023 05/08/23 | Pending | -- | -- | -- | |
| 05/02/2023 05/02/23 | For Sale | $349,000 | 0.0% | $76 / Sq Ft | |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- | |
| 02/10/2023 02/10/23 | For Sale | $349,000 | 0.0% | $76 / Sq Ft | |
| 01/05/2023 01/05/23 | For Sale | $349,000 | +7.4% | $76 / Sq Ft | |
| 12/31/2022 12/31/22 | Off Market | $325,000 | -- | -- | |
| 10/10/2022 10/10/22 | Pending | -- | -- | -- | |
| 10/09/2022 10/09/22 | Pending | -- | -- | -- | |
| 07/18/2022 07/18/22 | For Sale | $349,000 | -- | $76 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $325,000 | Chicago Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | Credit Line Revolving |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12701385
APN: 20342040210000
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