6240 South Champlain Avenue
$434,000
11
3
—
—
—
Closed 11/15/24
Description
Welcome to 6240 S Champlain Ave, an exceptional investment opportunity in the rapidly developing West Woodlawn neighborhood. This well-maintained, CHA-approved multi-unit building offers both stability and growth potential for savvy investors and homeowners alike. Unit Breakdown: Unit 1 (First Floor, Duplex Down): Floors recently refinished Fresh paint throughout first floor 3 bedrooms on the first floor 2 bedrooms on the lower floor Currently vacant (last rented at $1,850/month) Unit 2 (Second Floor):...Welcome to 6240 S Champlain Ave, an exceptional investment opportunity in the rapidly developing West Woodlawn neighborhood. This well-maintained, CHA-approved multi-unit building offers both stability and growth potential for savvy investors and homeowners alike. Unit Breakdown: Unit 1 (First Floor, Duplex Down): Floors recently refinished Fresh paint throughout first floor 3 bedrooms on the first floor 2 bedrooms on the lower floor Currently vacant (last rented at $1,850/month) Unit 2 (Second Floor): 4 bedrooms, 1 bathroom Currently rented at $1,595/month Unit 3 (Garden Unit): 1 bedroom, 1 bathroom Currently rented at $1,120/month Building Amenities: Heating: Radiator heat for cozy and efficient living Laundry: On-site washer and dryer Parking: Parking pad at the rear of the house Investment Highlights: Washer/dryer onsite Owner-Occupancy Potential: Great opportunity to live in one unit while renting out the others Current Rental Income: $2,715 from two occupied units Potential Full Occupancy Income: Over $4,500/month Location Benefits: Prime Position: Close to major thoroughfares and public transportation, ensuring easy access to downtown Chicago and surrounding areas. Proximity: Near the prestigious University of Chicago, Washington Park, and the upcoming Obama Presidential Library, enhancing the neighborhood's cultural and historical significance. Community: Experience the vibrant, developing community of West Woodlawn, with ongoing revitalization projects adding to the area's appeal. Additional Benefits: As-Is Sale: The property is being sold as-is, with a 12-month home warranty included (up to $750). Thriving Community: Ideal for those looking to invest or settle down in a dynamic and growing neighborhood.
- Listed by Marcus Mason • REMAX Legends
- Listed by Lydia Memeti • REMAX Legends
Sold By Signature Realty Services.
Property Details for 6240 South Champlain Avenue
Area
CHI - Woodlawn
TownshipSouth Chicago
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelRadiator(s)
LISTING UPDATED: 11/20/2024 02:19 AM
Property Details for 6240 South Champlain Avenue
Status | Closed |
---|---|
MLS # | 12103816 |
Days on Market | 96 |
Taxes | $4,730 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1910 |
Lot Size | 0.09 AC / 3,750 SF |
County | Cook County |
Building Information for 6240 South Champlain Avenue
Stories-Residences3Year Built1910Building Size-Lot Size0.09 AC / 3,750 SF
Property Information for 6240 South Champlain Avenue
Property History for 6240 South Champlain Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6240 South Champlain Avenue
Taxable ValueLand$5,337Additions$17,662Total$22,999
Tax Record2022$4,730 ($394 / month)
Home Facts
Baths2Total Finished SqFt3,104 SqFtAbove Grade Finished SqFt3,104 SqFtStories2Lot Size4,270 SqFtStyleMulti-Family Res (5+ Units)Year Built1915CountyCOOKAPN20-15-420-028Fireplace TypeHas Fireplace
Schools near 6240 South Champlain Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Fiske Elementary School PublicPK to 8 | ||
Hyde Park Academy High School Public9 to 12 | ||
YCCS-Progressive Leadership Acad Charter9 to 12 | ||
Univ of Chicago Chtr-Woodlawn Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.