8239 S Colfax Avenue,Chicago, IL 60617
Chicago, IL 60617
Description
Fantastic investment opportunity in the heart of South Chicago! This solid brick 4-unit building offers 12 total bedrooms and 5 bathrooms, providing excellent potential for strong rental income. Each spacious unit includes a stove and refrigerator, and all utilities are separately metered for gas and electric, offering added convenience for management. A full finished basement provides additional space and versatility. All tenants are currently month-to-month, making this a great option for investors or owner-occupants interested in house hacking. The property also features 4 exterior parking spaces in the rear and sits on an extra-wide 125x46 ft. lot. Located close to parks, schools, public transit, and everyday amenities, this building offers a smart opportunity to grow long-term value. With low taxes and strong rental potential, this is a must-see property. Don't miss your chance to build equity and secure steady cash flow!**One of the LLC members is an Illinois licensed Realtor (Not Listing Brokers)**
Details
| MLS # | 12669970 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 95 |
| Listing Provided By | RE/MAX Mi Casa | Jose Martinez |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 5 |
| Basement | Y |
| Zoning | MULTI |
| Acreage | 5750.00 |
Interior
| Rooms Total | 20 |
|---|---|
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4038.45 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $399,900 low | high Med: $209,999 On site: 95 low | high Med: 328 | |
Market Activity 60617
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60617 |
| Area | CHI South Chicago |
| Listing VS Median (in 60617) | |
Price: $399,900 low | high Med: $209,999 On site: 95 low | high Med: 328 | |
