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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12339845
Maintenance Fees $1,000
Year Built 1908
Annual Tax Amount $4,416
Tax Year 2023
Lot Dimensions 9250
Property Sub-Type Multi Family 5+
Property Description
Exciting Opportunity in Greater Grand Crossing! Zoned as a 4 unit with the City of Chicago. But has a coach house unit. The city of Chicago picks up the trash. Welcome to 7459 S Champlain Ave, 2.9X oversized lot with one PIN. Zoned as a 4 unit building by the city of Chicago. Should be able to purchase with an FHA loan. Located just six blocks from the iconic Lem's BBQ and the James Beard Award-winning Brown Sugar Bakery, this property is perfectly positioned in one of Chicago's up-and-coming neighborhoods. The main building features four residential units, plus a coach house located at 644 E 75th St-included in the sale under the same PIN. Currently, 4 of the 5 total units are occupied, with one tenant preparing to vacate, presenting a perfect opportunity to increase rental income with updated market-rate tenants. All units are equipped with stoves and refrigerators, and one of the vacant unit's bathrooms is currently being updated, offering immediate upside. The property also boasts clean common hallways and has been well-maintained. Also includes a big unfinished basement in the main building. Whether you're a seasoned investor or just starting your portfolio, this multi-unit gem with extra coach house potential is ideal for adding value and increasing cash flow. Don't miss your chance to invest in this appreciating area with built-in income and room for growth. The Property is being sold "As IS"
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Level or Stories 2
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Listed by Jonathan Williams • Coldwell Banker Realty
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propertymanagement@legacypropertiesil.com
1350 Remington Rd, Suite B, Schaumburg, IL, Other