11420 S Champlain Avenue
Chicago, IL 60628

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $345,000

About this home

Seize this once-in-a-lifetime opportunity to own a stunning piece of history in the nationally landmarked community of Pullman! Multi-family properties like this are a rare find and won't stay on the market for long. Historic Pullman is a serene oasis in the city, offering unlimited major transportation options and convenient access to all city arteries. The area is booming with new developments, including the upcoming CTA Red Line expansion and exciting new dining options like Chick-Fil-A. Just two blocks away, you'll find a world-class international golf center, perfect for those who love to golf. This diverse and welcoming neighborhood is truly second to none, making it the ideal place to call home or invest in. Built in 1890, this charming building boasts significant renovations completed in 2024 on three of its four units, with 60% of the work already done. The seller's personal circumstances have created a golden opportunity for you to complete the renovations and instantly gain equity. Whether you choose to rent the units short-term or long-term, this property promises excellent residual income potential. This multi-family property would also be perfect for an owner occupant to live while making money or for the perfect related living situation. The property is being sold AS-IS, and the buyer is responsible for all closing costs. Approved plans and permits are already in place, making your path to ownership smooth and straightforward. CASH, hard money, conventional, or rehab loans ONLY! Seller is asking for a quick closing of 30 days or less. One unit is currently rented and tenant is paying well below market rent on a month-to-month lease. Don't miss your chance to own this magnificent multi-family property that could easily pay for itself. Act now and secure a piece of Pullman's rich history and bright future. Please Note: DO NOT DISTURB TENANT!

Property details

Property / Lot Details
Acreage 0.12
Deconversion N
Lot Dimensions 43 X 125
Lot Size Less Than .25 Acre
Other Structures Garage(s)
Ownership Fee Simple
Style of House Queen Anne
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Additional Media Type 1 Video
Additional Media URL 1 External link
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1890
Parking Total 2.5
Exterior Building Type Brick
Exterior Property Features Porch, Storms/Screens
Foundation Concrete Perimeter
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2.5
Parking Garage
Rehab Year 2024
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Curbs, Sidewalks, Street Lights, Street Paved, Other
Area Major CHI - Pullman
Zoning Type MULTI
Corporate Limits Chicago
Directions The Bishop Ford to 115th Street exit. Travel west to S. St, Lawrence. Turn right (north) on S. St Lawrence then right (east) on 114th. 2 Blocks to S. Champlain, turn right (south) and proceed to property on the right.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Partially Finished, Exterior Access
Basement Full ,Walkout
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 5
Full Baths in Building Count 5
Total Rooms 13
Units
unit 1
Beds Total 1
Baths Total 1
Appliances And Features Refrigerator
Full Baths Total 1
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 700
unit 2
Beds Total 1
Baths Total 1
Appliances And Features Refrigerator
Full Baths Total 1
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 700
unit 3
Beds Total 2
Baths Total 1
Appliances And Features Refrigerator
Full Baths Total 1
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 825
unit 4
Beds Total 1
Baths Total 1
Actual Rent 700
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 700

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 25222270300000
Special Assessments N
Taxes $3,094
Tax Exemptions None
Tax Year 2022
$345,000 Listing Price:
MLS # 12069443
Investment Profile Residential Income
Listing Market Time 29 days
Basement Full ,Walkout
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 05/29/2024
Year Built 1890
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