4931 S Champlain Avenue, Chicago, IL 60615

Building Details

Year Built

1890

Listing office Century 21 S.G.R., Inc.

Listing date Mar 19, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 S.G.R., Inc.

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Overview

This two-unit building, located in a rapidly developing area, presents an investment opportunity. The property includes a detached two-car garage. The building contains approximately 6 bedrooms and 2 bathrooms, along with a full unfinished basement featuring ceilings over 7 feet high and two separate entrances. The property is zoned RM-5, offering potential for conversion to a three-flat configuration, with each unit potentially offering approximately 1,225 square feet, 3 bedrooms, and 2 bathrooms, without requiring a zoning change. Alternatively, the property could be redeveloped as a single-family home. The location provides convenient access to downtown, I-90/94, CTA Red and Green Lines, schools, and various neighborhood amenities. It is suited for house hackers, buy-and-hold investors, or developers.

Suggested Use

Law Firm Kitchen & Bath Showroom HVAC Service Auto Repair Shop Building Supply Auto Parts Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6097595

Latitude

41.8049109

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FAQs

What type of property is this?

Duplex - Two-unit building with development potential in prime location.

Where is this duplex located?

The property is located at 4931 S Champlain Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Excellent investment opportunity in a rapidly developing neighborhood.; RM‑5 zoning allows for conversion to a 3‑flat without zoning changes (approximately 1,225 sq ft per unit, 3 bed/2 bath).; Strong area comps: New construction 3‑flats across the street selling around $1.2M.