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$ 499,000
Est. payment /mo
Active
7827-29 S Colfax AVE Chicago, IL 60649
8 Beds
5 Baths
UPDATED:
02/05/2025 08:03 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12202898
Bedrooms 8
Year Built 1908
Annual Tax Amount $3,599
Tax Year 2023
Lot Dimensions LESS THAN .25
Property Sub-Type Two to Four Units
Property Description
This four-unit building situated in the South Shore neighborhood represents an exceptional investment opportunity. The property comprises four two-bedroom apartments, each featuring an enclosed back porch for additional storage, spacious kitchens, and adequately sized bedrooms. Tenants are responsible for their utility expenses. The building also includes two finished basements, which can serve as additional living space or generate extra rental income, equipped with separate heating systems. The location offers convenient access to excellent transportation options and is just minutes from Lake Michigan. The area is experiencing significant development, underscoring its rich history and potential for growth. This property is well-suited for investment purposes or as a residence for an owner-occupant, requiring minimal effort to start generating rental income.
Location
State IL
County Cook
Area Chi - South Shore
Rooms
Basement Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Stephon Walker-Purnell • Compass