6049 S Champlain Avenue
Chicago, IL, 60637
$399,000
Beds
0 Baths
0 SqFt
0 Acres
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$399,000
6049 S Champlain Avenue
Chicago, IL, 60637
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Turnkey SRO Investment Opportunity in Charming Greystone! Discover a long-established Single Room Occupancy (SRO) greystone property, thoughtfully managed by the current owner. Featuring 8 rooms across what appears to be a 2-unit structure with a finished basement, it has served senior tenants with distinction for years. Why this property stands out: High demand: SROs offer affordable housing for community members on tight budgets. Income flexibility: Continue with the existing 8 tenants, or increase revenue by adding a 9th tenant in the basement. Value-adding refresh: Convert legally to a 3-4 unit building, potentially elevating market value to approximately $900K. Spacious lot: The wide parcel provides potential for enhancements, expansion, or additional amenities. Investor, owner-operator, or developer? This greystone offers multiple paths: Keep it as is and sustain immediate rental income. Expand to maximize rental revenue. Reconfigure zoning to residential to appeal to traditional multi-unit buyers. Bottom line: This property delivers income stability, long-term value creation, and structural flexibility-all wrapped in the enduring charm of a classic greystone. Schedule your showing today and explore the possibilities!

Property Details

Price:
$399,000
MLS #:
MRD12416166
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – Woodlawn
Listed Date:
Jul 10, 2025
Year Built:
1903
Chi – WoodlawnChi – Woodlawn

Schools

Interior

Exterior

Construction Materials
Brick, Concrete, Stone, Limestone
Roof
Rubber

Financial

Tax Year
2023
Taxes
$2,473
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 02, 2025
1,064
Commercial Listed
164
Avg DOM
151
Avg $ / SqFt
$1,045,277
Avg List Price

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Property Summary

    6049 S Champlain Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60637. It is listed for $399,000 To schedule a showing of MLS#mrd12416166 at 6049 S Champlain Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
6049 S Champlain Avenue
Chicago, IL