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About the Listing 90295 - 901800
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.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
12701385
Year Built
1928
Total Square Footage
0
Lot/Acreage
0.85
Interior Details
- Bedrooms: 9
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Steam,Radiator(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Exterior Entry,Storage Space,Full,Walk-Out Access
- Other:
- Water: Lake Michigan,Public
Exterior Details
- Lot Description: Common Grounds
- Garage Capacity: 3 car
- Parking Spaces: 3
- Lot Dimensions: 30X125
- Zoning: MULTI
- Roof: Rubber,Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $6,228
- Taxes w/Assessments: N/A
- Tax/Property ID: 20342040210000
- Tax Year: 2024
Payment Calculator
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Questions About..
7918 S Champlain Ave Chicago, IL 60619
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