8239 S Colfax Avenue, Chicago, IL

$399,900

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12

Beds

About 8239 S Colfax Avenue

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)**

Features of 8239 S Colfax Avenue

MLS® # 12669970
Price $399,900
Bedrooms 12
Bathrooms 0.00
Year Built 1922
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 8239 S Colfax Avenue
Area CHI - South Chicago
City Chicago
County Cook
State IL
Zip Code 60617

Amenities

Parking Spaces 4
Parking Yes, Owned
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 48
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Mi Casa

Listing Map

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