Chicago, IL 60649,7436 S Colfax AVE
Chicago, IL 60649,7436 S Colfax AVE
Chicago, IL 60649,7436 S Colfax AVE
35
$415,188
$395,000
5.1%
Est.Price: ?

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8 BD
3 BA

7436 S Colfax AVE Chicago, IL 60649

Est. payment /mo
SOLD DATE : 05/16/2024

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Key Details

Sold Price $415,188

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12006879

Sold Date 05/16/24

Bedrooms 8

Year Built 1920

Annual Tax Amount $2,998

Tax Year 2022

Lot Dimensions 34 X 117

Property Sub-Type Two to Four Units

Property Description

Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Building

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Amir Abed • Kale Realty
Bought with Maria Dulce Ramos • Chicago Sweet Homes Realty Inc

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agent

Valorie Schmidt

Broker Associate | License ID: 44275

+1(847) 624-5368

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