Address
8239 S Colfax Avenue, Chicago, IL
Price
$ 399,900
Property Attributes
- MLS#12669970
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - South Chicago
- NeighborhoodSouth Chicago
- Zip60617
- Style
- Year Built1922
- Taxes$ 4038
- Price$ 399,900
- Bedrooms12
- Full Bathrooms5
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property 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)**
| Price History | |
|---|---|
| 6/5/2026 | Listed $399,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Forced Air |
| Possession | Tenant's Rights |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1922 |
| Township | Hyde Park |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 20 |
| Status | Active |
| Directions | 83rd Street to Colfax,North to property |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - South Chicago |
| Tax Annual Amount | 4038.45 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Finished,Full |
|---|---|
| Total Bedrooms | 12 |
| Total Baths | 5 |
| Bedrooms Possible | 12 |
| Full Baths Building | 5 |
| Total Number of Units | 4 |
Exterior Features
| Parking Features | Yes,Owned |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Dimensions | 5750 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60617
Price
Taxes
Year Built
Visits
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