Investor Special in Hottest
For Sale
$249,000
Pending
4931 South Champlain Avenue, Chicago, IL 60615
Two-unit building with development potential in prime location.
Property SizeContact for details
Days on Market161
Property Features for 4931 South Champlain Avenue
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Two to Four Units / 2 Flat
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$4,664
Building Details
Year Built
1890
Listing Agency:
Century 21 S.G.R., Inc.
(773) 392-2906
Listed By:
Luminita Ispas · License #475113981
(773) 392-2906
Source:
Compass
Added: Mar 18
Changed: Aug 23
Last Checked: Jul 24 at 5:45PM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 South 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.
