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6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
6814 S Champlain Avenue
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$110,000

6814 S Champlain Avenue

Description

Located in sought after Woodlawn which is a hotter than hot market, this legal all brick 3 unit offers the layout and upside every investor searches for, this is the true definition of a diamond in the ruff! The lower level unit has separate egress in the front and rear of the building, there are two additional units which have very open and spacious layouts with unlimited upside! All the units are stripped to to the studs, the building only has floor joists in place! Do not walk on the floor joists, everything is needed, consider this a full renovation when running numbers! Rear porch is moderately newer, building is on a deep lot in which there is plenty of space for a garage! The upside here is endless, the location is ideal as Woodlawn is on fire, blocks from the Skyway, close to the Lakefront, get inside this today and explore the potential which awaits. Rehab, build equity and rent all three units, combine the basement and first floor into an owners unit while living mortgage free and renting the second floor, either way this is a win win situation. Do not sleep on this one as buildings in this condition with this upside in this location do not hit the market often!

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Location

6814 S Champlain Avenue, Chicago, IL 60637

Status

Sold

Date Sold

October 4, 2024
Ryan Smith

Ryan Smith

TITLE

Director of REO | Investments

Property Amenities

Area & Lot
MLS® ID 12107328
Year Built 1909
School District 299
Type Multi-Family
Status Sold
Exterior
Heat type Natural Gas
Water Source Lake Michigan, Public
Sewer Public Sewer
Finance
Sales Price $110,000
Real Estate Tax $3,085 yearly

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