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!
Active
Price cut: $5K (9/29)
$185,000
7206 S Champlain Ave, Chicago, IL 60619
8beds
--sqft
Est.:
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Full walk-out basementHistoric facadeSpacious bedroomsOriginal hardwood floorsWalk-in pantriesEat-in kitchensExpansive side lot
- 256 days |
- 468 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: October 04, 2025 at 10:06pm
Listing courtesy of:
Paulette Edwards 773-837-0383,
Coldwell Banker Realty,
Sybil Martin,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12316636
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Steam
Features
- Basement: Finished,Exterior Entry,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 6,350 Square Feet
- Dimensions: 50X127
Details
- Parcel number: 20272120290000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subtype: Multi Family
Materials
- Stone, Limestone
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1893
Details
- Builder model: GREYSTONE 3 FLAT
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Subdivision: Park Manor
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $1,407
- Date on market: 3/31/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2025 | Price change | $185,000-2.6% |
Source: | ||
| 7/22/2025 | Price change | $190,000-2.6% |
Source: | ||
| 4/30/2025 | Price change | $195,000-2.5% |
Source: | ||
| 3/31/2025 | Listed for sale | $199,900 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,276/mo
Principal & interest
$921
Property taxes
$290
Home insurance
$65
Climate risks
Neighborhood: Park Manor
Nearby schools
GreatSchools rating
- 4/10Park Manor Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 7/10Gary Comer College PrepGrades: 6-12Distance: 0.3 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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