4931 S Champlain Avenue Chicago, IL 60615
Two-unit building with development potential in prime location.
Type:Multifamily
- Added:
- Mar 19, 2026
- Days on Market:
- 15
- Last Refresh:
- Mar 21 at 8:41 pm
Property Features for 4931 S Champlain Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing agent Luminita Ispas License #IL
Listing office Century 21 S.G.R., Inc.
Listing date Mar 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 S.G.R., Inc.
Overview
Investor Special in Hottest Neighborhood
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.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6097595
- Latitude
- 41.8049109
Nearby Similar for Sale
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.
