6201 Champlain Avenue, Chicago, 60637

$1,500,000 - Multi Family 5+ For Sale


MLS® #: 10619030

12 Unit corner building located in the rapidly appreciating Woodlawn community. Excellent location in the Northwest Quadrant of Woodlawn. Blocks to 63rd and Cottage Grove Greenline Train, new Jewel Grocery, 300+acre Washington Park, University of Chicago Campus and Hospital. The building was deconverted from a condominium development about 10 years ago and has many improvements not typically found in Multi Family offering in the area. Each unit has updated kitchens and bathrooms, individual HVAC, laundry hook up, individual water heaters, in-unit 100 amp electrical, hardwood floors in common areas, uniform carpet in bedrooms, modern windows secure entry, and new rear porches (2018). The building has been maintained by a professional corporate operator since deconversion and is currently professionally managed. Two entrances with 6 units per entrance, one entrance on Champlain, one entrance on 62nd Street. Great unit mix, four main-level, duplex-down apartments, each with 3 Bedrooms/3 Bathrooms. These units have modern mechanical systems in the lower level. The building also has two 3 Bedroom/2 Bath Units. The are also four 2 Bedroom/2bath units and two 2 bedroom/1 bath units. Excellent investment as currently configured and operated with value add opportunity. Woodlawn has strong growth potential and this building would be an excellent addition to a serious investors portfolio. All major systems in good and serviceable condition. Recent redevelopment surrounds this property, including the new mixed use and multifamily buildings located at 63rd and Cottage Grove and 60th and Cottage Grove. Residential rehab work is visible throughout the neighborhood.

Additional Information: This property is located in the CHI - Woodlawn neighborhood, IL. This bedrooms multi family 5+ property is priced at $1,500,000.

Price & Status History

Date Details
Status Changed from New to Active

Essential Information

MLS® #: 10619030
Price: $1,500,000
Taxes: $14,789
Acres: 0.16
Year Built: 1915
Type: Commercial
Sub-Type: Multi Family 5+
Status: Active

Community Information

Address: 6201 Champlain Avenue
Area: CHI - Woodlawn
City: Chicago
County: Cook
State: IL
Zip Code: 60637


Amenities: Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks


Heating: Gas, Forced Air, Separate Per Unit
Cooling: Central Air
Has Basement: Yes
Stories: 3


Exterior: Brick
Lot Description: Corner
Construction: Brick

Additional Information

Zoning: MULTI

Listing Details

Listing Office: Exit Strategy Realty / EMA Management

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Listing information last updated on May 29th, 2020 at 2:06pm CDT.