7617 S Colfax Ave Chicago, IL 60649
South Shore Neighborhood
--
Bed
--
Bath
--
Sq Ft
1960
Built
About This Home
As of January 2025Low maintenance California style 10 unit building in the South Shore neighborhood. All 1 BD/1 BA unit layouts. All units fully renovated in the last 5 yrs with stainless steel appliances, new flooring and new mechanicals. All units have dedicated water tanks and in-unit washer/dryer. Tenant paid electric and baseboard heat keeps owner expenses very low. Large parking lot located alongside property. Pro-forma 10%+ CAP rate on a turn key building.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,255
Year Built
- Built in 1960
Utilities
- Window Unit Cooling System
- Heating Available
Additional Features
- 2-Story Property
- Lot Dimensions are 125x25
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $1,500
- Insurance Expense $5,113
- Maintenance Expense $3,000
- Other Expense $3,000
- Trash Expense $5,055
- Water Sewer Expense $2,076
- Operating Expense $27,867
- Gross Income $111,900
- Net Operating Income $68,826
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | Sold | $790,000 | 0.0% | -- |
| 10/31/2024 10/31/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $790,000 | +426.7% | -- |
| 11/06/2019 11/06/19 | Sold | $150,000 | -45.5% | -- |
| 05/15/2019 05/15/19 | Pending | -- | -- | -- |
| 03/25/2019 03/25/19 | For Sale | $275,000 | +2100.0% | -- |
| 02/05/2016 02/05/16 | Sold | $12,500 | -86.1% | -- |
| 02/01/2016 02/01/16 | Pending | -- | -- | -- |
| 03/11/2015 03/11/15 | For Sale | $90,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Source: Midwest Real Estate Data (MRED)
MLS Number: 12174826
APN: 21303110070000
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