6049 South Champlain Avenue, Chicago, IL

$399,000

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About 6049 South Champlain Avenue

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!

Features of 6049 South Champlain Avenue

MLS® # 12416166
Price $399,000
Bathrooms 0.00
Acres 0.00
Year Built 1903
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 6049 South Champlain Avenue
Area CHI - Woodlawn
City Chicago
County Cook
State IL
Zip Code 60637

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement Yes
Basement Finished

Exterior

Exterior Brick, Concrete, Stone, Limestone
Roof Rubber
Foundation Concrete Perimeter

Additional Information

Days on Market 101
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBlue Door Dave Inc
Contact Info312-344-1487

Listing Map

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