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Two-Unit Greystone with Walk-Out Basement

7206 S Champlain Avenue Chicago, IL 60619

7206 S Champlain Avenue, Chicago, IL, 60619
$185,000
For Sale
$185,000

Two-unit greystone with walk-out basement and side lot, originally featuring three bedrooms, formal living/dining, and eat-in kitchens.

Days on Market479

Property Features for 7206 S Champlain Avenue

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
1893
Listing agency Coldwell Banker Realty
Listed by Paulette Edwards · License #471011238
Source Exitrealty
Added: Apr 1, 2025 Updated: Jul 20 at 7:25PM Checked: Jul 23 at 6:28AM

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 Coldwell Banker Realty


Investment Insights

Based on property information with market context.

This classic two-flat greystone presents a full gut rehab opportunity. The property includes two units, each originally laid out with three bedrooms, formal living and dining rooms, and eat-in kitchens with walk-in pantries. Original hardwood floors are present throughout and are ready for restoration. A full walk-out basement adds flexibility for additional living space, and the expansive side lot offers outdoor area. A two-car garage provides parking and additional convenience.

Located at 7206 S Champlain Avenue in Chicago’s Greater Grand Crossing area, the home is described as being near schools, parks, public transportation, and shopping, supporting a range of residential rental or ownership uses.

While the configuration is currently built as a two-flat, the walk-out basement and overall layout offer the prospect of expanding the property’s income potential by adding a third unit through basement conversion, subject to required approvals and scope of rehab.

Key Highlights

  • Built in 1893, this 2‑unit greystone in Chicago’s Park Manor/Greater Grand Crossing neighborhood features a historic facade and solid structure.
  • Each unit includes 3 bedrooms, formal living and dining rooms, and eat‑in kitchens with walk‑in pantries.
  • Original hardwood floors run throughout and are ready to be restored to their former appearance.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Skin Care Clinic Dental Office Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Computer & Electronic Repair Tech Support Center

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

FAQs

What type of property is this?
Duplex - Two-unit greystone with walk-out basement and side lot, originally featuring three bedrooms, formal living/dining, and eat-in kitchens.
Where is this duplex located?
The property is located at 7206 S Champlain Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Built in 1893, this 2‑unit greystone in Chicago’s Park Manor/Greater Grand Crossing neighborhood features a historic facade and solid structure.; Each unit includes 3 bedrooms, formal living and dining rooms, and eat‑in kitchens with walk‑in pantries.; Original hardwood floors run throughout and are ready to be restored to their former appearance.
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