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”
Property Details
Price:
$450,000
MLS #:
MRD12701385
Status:
Active
Beds:
9
Baths:
4
Type:
Multi Family
Neighborhood:
chichatham
Listed Date:
Jul 10, 2026
Year Built:
1928
See this Listing
Schools
School District:
299
Interior
Heating
Steam, Radiator(s)
Exterior
Architectural Style
American 4-Sq.
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
3
Lot Features
Common Grounds
Other Structures
Garage(s)
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
3
Parking Total
3
Patio And Porch Features
Porch
Roof
Rubber, Flat
Window Features
Screens
Financial
Tax Year
2024
Taxes
$6,228
Map
Community
- Address7918 S Champlain Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60619
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 06, 2026
1,353
Multi Family Listed
78
Avg DOM
$530,468
Avg List Price
Property Summary
- 7918 S Champlain Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60619. It is listed for $450,000
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Copyright 2026. All rights reserved.
7918 S Champlain Avenue
Chicago, IL


