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$475,000 Just Listed
Property Description
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.
Full Property Details
Full Property Details for 7918 S Champlain Ave
General
- Price: $475,000
- Taxes: $6,228 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12701385
- Updated: 7/12/2026
- Added to Site: 3 day(s) ago
Rental Information
- Complex Features: Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 9
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: Cottage Grove to 79th, West to Champlain, South to address.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Steam, Radiator(s)
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Architectural Info: American 4-Sq.
- Architectural Style: American Foursquare
- Model: 3 FLAT
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Exterior Entry, Storage Space, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Rubber, Flat
- Windows: Screens
- Year Built: 1928
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Manufactured Home
- Model: 3 FLAT
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 0.85
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 30 x 125
- Lot Features: Common Grounds
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1928
- Tax Amount: $6,228.2
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 20342040210000
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Schools
Schools serving 7918 S Champlain Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dixon Elementary School, Chicago, IL 8306 South Saint Lawrence Avenue, Chicago, IL 60619 | 7-8 | 0.5 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7918 S Champlain Ave
Date
Details
Price
Change
Source
7/10/2026
Listed
$475,000
46.15%
MLS
6/16/2023
Sold
$325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7918 S Champlain Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,486
—
$31,000
19%
2023
$5,486
3%
$26,000
—
2022
$5,348
2%
$26,000
—
2021
$5,228
29%
$26,000
43%
2020
$4,056
-2%
$18,209
-12%
2019
$4,157
2%
$20,692
—
2018
$4,087
-12%
$20,692
-4%
2017
$4,620
7%
$21,460
—
2016
$4,298
9%
$21,460
—
2015
$3,932
8%
$21,460
9%
2014
$3,644
2%
$19,642
—
2013
$3,572
1%
$19,642
—
2012
$3,525
—
$19,642
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7918 S Champlain Ave
7918 S Champlain Avenue, Chicago, IL 60619 (MLS# 12701385) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 7918 S Champlain Avenue is currently listed for $475,000 and was received on July 10, 2026. Want to learn more about 7918 S Champlain Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.
