NOT LISTED FOR SALE

7524 S Colfax Ave Chicago, IL 60649

South Shore Neighborhood
6 Beds
3 Baths
4,632 Sq Ft
1923 Built

Sale Details

Date Sold: July 9, 2024

Last sale price $220,000 $47 Per Sq Ft

About This Home

As of July 2024

Unlock the potential of this prime investment opportunity located at 7524 S Colfax, a three-flat building offering two-bedroom apartments per unit. Situated within close proximity to the highly anticipated Obama Presidential Library and the lake, investing in this property presents an opportunity to capitalize on future appreciation potential. Contact us today to learn more and explore the possibilities of this promising investment opportunity. This is an AS IS Sale

Last Agent to Sell the Property

Daniela Pagani

Compass License #475169805 Listed on: 04/01/2024

Compass

Last Buyer's Agent

Frank Montro

Keller Williams Preferred Rlty License #475128449

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,497

Year Built

  • Built in 1923

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,497

Year Built

Built in 1923

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Conversion YN: N

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3720 SF
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3496.61
  • Tax Year: 2022

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $220,000 -2.2% $47 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $225,000 -- $49 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,600 $33,100 $2,790 $30,310
2024 $3,600 $33,100 $2,790 $30,310
2023 $3,497 $17,000 $4,650 $12,350
2022 $3,497 $17,000 $4,650 $12,350
2021 $537 $17,000 $4,650 $12,350
2020 $555 $18,391 $3,348 $15,043
2019 $553 $20,899 $3,348 $17,551
2018 $4,128 $20,899 $3,348 $17,551
2017 $583 $21,856 $2,976 $18,880
2016 $3,520 $21,856 $2,976 $18,880
2015 $4,005 $21,856 $2,976 $18,880
2014 $955 $21,114 $2,604 $18,510
2013 $3,840 $21,114 $2,604 $18,510
Source: Public Records

Agents Affiliated with this Home

  • Daniela Pagani

    Seller's Agent in 2024

    Daniela Pagani

    Compass

    (312) 402-4072

    1 in this area

    47 Total Sales

    Daniela Pagani
    Section Image
  • Frank Montro

    Buyer's Agent in 2024

    Frank Montro

    Keller Williams Preferred Rlty

    (708) 479-3300

    26 in this area

    1,030 Total Sales

    Frank Montro
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12012517

Midwest Real Estate Data (MRED)

APN: 21303030100000

Illinois Cook County Chicago 60649 South Shore

7524 S Colfax Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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