Chicago, IL 60649,7831 S COLFAX AVE
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Chicago, IL 60649,7831 S COLFAX AVE
Chicago, IL 60649,7831 S COLFAX AVE
Chicago, IL 60649,7831 S COLFAX AVE
Chicago, IL 60649,7831 S COLFAX AVE
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 550,000
Est. payment /mo
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Active Under Contract

7831 S COLFAX AVE Chicago, IL 60649

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12466306

Maintenance Fees $2,000

Year Built 1915

Annual Tax Amount $7,999

Tax Year 2023

Lot Dimensions 8371

Property Sub-Type Multi Family 5+

Property Description

Stunning 8-Unit Gem in South Shore! Just a few blocks from beautiful Lake Michigan, this fully occupied 8-unit building offers an incredible opportunity in one of Chicago's most vibrant neighborhoods. Featuring all-new electric, plumbing, and HVAC, plus a newer roof with skylight and two brand-new rear porches. All city violations have been cleared and title is clean.Each unit showcases spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors for added safety. The building includes six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit-all generously sized. The property is fully occupied with clean, responsible tenants, and all tenants pay their own utilities. Current rents are well below market value, creating a prime value-add opportunity for investors. Whether you're seeking strong cash flow now or long-term upside through rent growth, this South Shore gem delivers both. Easy to Show - Show with Confidence!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Damaris Santiago of  Manage Chicago, Inc. 
Samuel Stella

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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7831 S COLFAX AVE

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