1. Illinois
2. Chicago
3. 6049 S Champlain Avenue

6049 S Champlain Avenue, Chicago, IL 60637

Property Description

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!

Listing Status:

Active

Listing Office:

Blue Door Dave Inc : 773-301-7966

Listing Agent:

David Thomas : 773-301-7966

MLS ID:

12416166

Interior

• Basement: Finished

Construction

Location

Lot

Financial

This listing courtesy of David Thomas, Blue Door Dave Inc