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"
Active
Price cut: $25K (8/12)
$450,000
7918 S Champlain Ave, Chicago, IL 60619
9beds
--sqft
Multi Family
Built in 1928
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Classic chicago charmDecorative fireplacesTimeless architectural detailsGenerous ceiling heightHardwood floorsBuilt-in cabinetry
- 87 days
- 129
- 17
Zillow last checked:
Listing updated:
Listed by:
Robert Hann, SRES 847-567-3518,
Munrovey Real Estate Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12701385
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Foyer
Heating
- Steam, Radiator(s)
Features
- Windows: Screens
- Basement: Unfinished,Exterior Entry,Storage Space,Full,Walk-Out Access
Property
Parking
- Total spaces: 3
- Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 0.85 Acres
- Dimensions: 30X125
- Features: Common Grounds
Details
- Additional structures: Garage(s)
- Parcel number: 20342040210000
- Zoning: MULTI
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: American 4-Sq.
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber,Flat
Condition
- New construction: No
- Year built: 1928
Details
- Builder model: 3 FLAT
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $310,000
- Annual tax amount: $6,228
- Date on market: 7/11/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $450,000-5.3% |
Source: | ||
| 7/11/2026 | Listed for sale | $475,000+46.2% |
Source: | ||
| 6/16/2023 | Sold | $325,000-6.9% |
Source: | ||
| 5/9/2023 | Contingent | $349,000 |
Source: | ||
| 5/2/2023 | Listed for sale | $349,000 |
Source: | ||
| 4/28/2023 | Contingent | $349,000 |
Source: | ||
| 2/10/2023 | Listed for sale | $349,000 |
Source: | ||
| 1/5/2023 | Pending sale | $349,000 |
Source: | ||
| 1/5/2023 | Listed for sale | $349,000 |
Source: | ||
| 10/10/2022 | Contingent | $349,000 |
Source: | ||
| 7/18/2022 | Listed for sale | $349,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,228 +13.5% | $31,000 +19.2% |
| 2023 | $5,486 +2.6% | $26,000 |
| 2022 | $5,348 +2.3% | $26,000 |
| 2021 | $5,228 +28.9% | $26,000 +42.8% |
| 2020 | $4,056 -2.4% | $18,209 -12% |
| 2019 | $4,157 +1.7% | $20,692 |
| 2018 | $4,087 -11.5% | $20,692 -3.6% |
| 2017 | $4,620 +7.5% | $21,460 |
| 2016 | $4,298 +9.3% | $21,460 |
| 2015 | $3,932 +7.9% | $21,460 +9.3% |
| 2014 | $3,644 +2% | $19,642 |
| 2013 | $3,572 +1.4% | $19,642 |
| 2012 | $3,525 -14.9% | $19,642 -23.1% |
| 2011 | $4,142 -0.4% | $25,558 |
| 2010 | $4,159 +4.4% | $25,558 |
| 2009 | $3,985 -8.1% | $25,558 -15.5% |
| 2008 | $4,337 +1% | $30,235 |
| 2007 | $4,294 -1.1% | $30,235 |
| 2006 | $4,340 +24.8% | $30,235 +42% |
| 2005 | $3,478 +1% | $21,286 |
| 2004 | $3,443 +2.2% | $21,286 |
| 2003 | $3,368 +1.4% | $21,286 +15.1% |
| 2002 | $3,322 +25% | $18,490 |
| 2001 | $2,657 +21.2% | $18,490 |
| 2000 | $2,191 +0% | $18,490 +27.4% |
| 1999 | $2,191 | $14,518 |
Find assessor info on the county website
Monthly payment
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