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$175,000
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Property Description
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!**********SOLD BEFORE PRINT*****************
Full Property Details
Full Property Details for 7206 S Champlain Ave
General
- Sold For: $175,000
- Taxes: $1,407 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12607373
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Additional Information
- Other Features: School Bus Service, Commuter Bus, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Subdivision: Park Manor
- Driving Directions: Take 71st Street east or west to Champlain Ave go south to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Steam
Utilities
- Water: Lake Michigan
Structural Information
- Architectural Style: Greystone
- Construction: Stone, Limestone
- Exterior Const.: Stone, Limestone
- Basement Desc.: Finished, Exterior Entry, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Rubber
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Manufactured Home
- Model: GREYSTONE 3 FLAT
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 50 x 127
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1893
- Tax Amount: $1,407
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20272120290000
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Schools
Schools serving 7206 S Champlain Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Park Manor Elementary School 7037 South Rhodes Avenue, Chicago, IL 60637 | PK-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
7206 S Champlain Avenue, Chicago, IL 60619 (MLS# 12607373) is a Multi-Family property that was sold at $175,000 on April 03, 2026. This property was listed by The ME Team from our Hyde Park Office.Want to learn more about 7206 S Champlain Avenue? Do you have questions about finding other Multi-Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.



