Chicago, IL 60637,6049 S Champlain AVE
Chicago, IL 60637,6049 S Champlain AVE
Chicago, IL 60637,6049 S Champlain AVE
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$350,000
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6049 S Champlain AVE Chicago, IL 60637

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12416166

Year Built 1903

Annual Tax Amount $2,473

Tax Year 2023

Lot Dimensions 3000

Property Sub-Type Multi Family 5+

Property Description

Turnkey SRO Investment Opportunity in Charming Greystone! Discover a long-established Single Room Occupancy (SRO) greystone property, thoughtfully managed by the current owner. Featuring 8 rooms across what appears to be a 2-unit structure with a finished basement, it has served senior tenants with distinction for years. Why this property stands out: High demand: SROs offer affordable housing for community members on tight budgets. Income flexibility: Continue with the existing 8 tenants, or increase revenue by adding a 9th tenant in the basement. Value-adding refresh: Convert legally to a 3-4 unit building, potentially elevating market value to approximately $900K. Spacious lot: The wide parcel provides potential for enhancements, expansion, or additional amenities. Investor, owner-operator, or developer? This greystone offers multiple paths: Keep it as is and sustain immediate rental income. Expand to maximize rental revenue. Reconfigure zoning to residential to appeal to traditional multi-unit buyers. Bottom line: This property delivers income stability, long-term value creation, and structural flexibility-all wrapped in the enduring charm of a classic greystone. Schedule your showing today and explore the possibilities!

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning MULTI

Rooms

Basement Finished

Interior

Fireplace N

Exterior

Roof Type Rubber

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Concrete,Stone,Limestone


Midwest Real Estate Data (MRED) IDX
Listed by David Thomas of  Blue Door Dave Inc 

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 7

    Dixon Elementary School

    Public | PK - 8

  • 6

    Robinson Elementary School

    Public | PK - 3

  • 6

    Murray Elementary Language Academy

    Public | KG - 8

  • 5

    Kershaw Elementary School

    Public | PK - 8

  • 5

    Hendricks Elementary Community Academy

    Public | PK - 8

  • 5

    Sherwood Elementary School

    Public | PK - 8

  • 5

    Beasley Elementary Magnet Academic Center

    Public | PK - 8

  • 5

    Pirie Fine Arts and Academic Center Elementary School

    Public | KG - 6

  • 5

    Ariel Elementary Community Academy

    Public | PK - 8

  • 5

    Ray Elementary School

    Public | PK - 8

  • 5

    Shoesmith Elementary School

    Public | KG - 6

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Carnegie Elementary School

    Public | PK - 8

  • 5

    Harte Elementary School

    Public | PK - 8

  • 4

    Coles Elementary Language Academy

    Public | KG - 8

  • 3

    A. Graham Elementary School

    Public | KG - 8

  • 3

    Carter Elementary School

    Public | PK - 8

  • 3

    I. Wells Preparatory Elementary Academy

    Public | KG - 8

  • 3

    Reavis Math and Science Elementary School

    Public | PK - 8

Middle Schools 1
  • 0

    Canter Middle School

    Public | 8 - 8

High Schools 20
  • 9

    King College Preparatory High School

    Public | 9 - 12

  • 8

    Kenwood Academy High School

    Public | 9 - 12

  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 7

    Air Force Academy High School

    Public | 9 - 12

  • 6

    Phillips Academy High School

    Public | 9 - 12

  • 6

    Hyde Park Academy High School

    Public | 9 - 12

  • 5

    Simeon Career Academy High School

    Public | 9 - 12

  • 5

    Williams Medical Preparatory High School

    Public | 9 - 12

  • 4

    Urban Preparatory Charter Academy Englewood High School

    Public | 9 - 12

  • 3

    Bronzeville Scholastic High School

    Public | 9 - 12

  • 2

    Team Englewood Community Academy High School

    Public | 9 - 12

  • 1

    Tilden Career Community Academy High School

    Public | 9 - 12

  • 1

    Hope College Preparatory High School

    Public | 9 - 12

  • 1

    Robeson High School

    Public | 9 - 12

  • 1

    Ace Technical Charter High School

    Public | 9 - 12

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 0

    Excel Academy - Englewood High School

    Public | 9 - 12

  • 0

    Leo Catholic High School

    Private | 9 - 12

  • 0

    Pnuema Institute

    Private | 9 - 12

  • 0

    Hunter-Bolden Academy

    Private | 12 - 12

School and business data provided by Attom Data.

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Ariel Manlapaz

Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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6049 S Champlain AVE