Seller's Agent in 2021
Marco Cesario
Jameson Commercial
(312) 315-7173
5 in this area
13 Total Sales
7656 S Colfax Ave Chicago, IL 60649
South Shore Neighborhood
9
Beds
6
Baths
--
Sq Ft
2,614
Sq Ft Lot
About This Home
As of December 20217656 S. Colfax, built in 2008, is comprised of (3) 3bd 2ba units boasting approximately 1150 sf of living space. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, Hardwood Floors, Brush Nickel Faucets. SS Appliances, Bathrooms, light fixtures, ceiling fans, and individual HVACs. This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units with low density and grow their exiting portfolio. All three units are with CHA tenants where CHA pays 100% for two of the units about approx 60% for the third unit. The current Gross Scheduled Rent income is $36,876, but in this listing, a estimated 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $35,032. Furthermore, with lease improvements, the Gross Rents have the potential of reaching $46,800 on a year 1 proforma. The second option is to purchase this property as an owner-occupied buyer and take advantage of the rents from the other units to cover your mortgage and then some! **NOTE** This property can also be purchased with 7542 S. Colfax (same owner) MLS#11188329 . Call listing agent for more details on all opportunities.
Last Agent to Sell the Property
Jameson Commercial License #475142196 Listed on: 08/12/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,510
Year Built
- Built in 2008
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 23 x 125
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 6 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Parking Space is Owned
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $131
- Insurance Expense $2,263
- Maintenance Expense $975
- Manager Expense $1,752
- Professional Management Expense $300
- Water Sewer Expense $1,643
- Gross Income $35,032
- Net Operating Income $22,592
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 29, 2025
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
0.0636%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 26, 2025
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
0.0636%
Mortgage Type
Construction
Purchase Details
Listed on
Aug 12, 2021
Closed on
Dec 21, 2021
Sold by
Bought by
Seller's Agent
Marco Cesario
Jameson Commercial
Buyer's Agent
Marco Cesario
Jameson Commercial
List Price
$425,000
Sold Price
$345,000
Premium/Discount to List
-$80,000
-18.82%
Purchase Details
Closed on
Nov 13, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,250
Interest Rate
0.0385%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 2, 2014
Closed on
Aug 8, 2014
Sold by
Bought by
Seller's Agent
Diana Peterson
AW Properties Global/Auction Works
Buyer's Agent
Diana Peterson
AW Properties Global/Auction Works
List Price
$125,000
Sold Price
$162,000
Premium/Discount to List
$37,000
29.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
0.0414%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 7, 2013
Sold by
Bought by
Purchase Details
Closed on
Jul 14, 2011
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $345,000 | -- | ||
| $299,000 | Stewart Title Company | ||
| $170,500 | Ctcc | ||
| $343,000 | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $170,000 | ||
| Previous Owner | $224,250 | ||
| Previous Owner | $490,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/31/2021 12/31/21 | Off Market | $345,000 | -- | -- | |
| 12/30/2021 12/30/21 | Sold | $345,000 | -18.8% | -- | |
| 10/28/2021 10/28/21 | Pending | -- | -- | -- | |
| 08/13/2021 08/13/21 | For Sale | $425,000 | +93.2% | -- | |
| 01/21/2015 01/21/15 | Sold | $220,000 | -4.3% | -- | View Prior Sale |
| 12/29/2014 12/29/14 | For Sale | $230,000 | +42.0% | -- | |
| 08/21/2014 08/21/14 | Sold | $162,000 | +29.6% | -- | View Prior Sale |
| 06/20/2014 06/20/14 | Pending | -- | -- | -- | |
| 06/02/2014 06/02/14 | For Sale | $125,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,235 | $36,501 | $2,168 | $34,333 |
| 2024 | $4,235 | $36,501 | $2,168 | $34,333 |
| 2023 | $4,113 | $20,001 | $3,613 | $16,388 |
| 2022 | $4,113 | $20,001 | $3,613 | $16,388 |
| 2021 | $4,022 | $19,999 | $3,612 | $16,387 |
| 2020 | $4,510 | $20,243 | $2,601 | $17,642 |
| 2019 | $4,622 | $23,004 | $2,601 | $20,403 |
| 2018 | $4,544 | $23,004 | $2,601 | $20,403 |
| 2017 | $4,751 | $22,068 | $2,312 | $19,756 |
| 2016 | $4,420 | $22,068 | $2,312 | $19,756 |
| 2015 | $4,044 | $22,068 | $2,312 | $19,756 |
| 2014 | $3,752 | $20,222 | $2,023 | $18,199 |
| 2013 | $3,678 | $20,222 | $2,023 | $18,199 |
Source: Public Records
Agents Affiliated with this Home
-
Marco Cesario
-
Sunny Lamba
Seller's Agent in 2015
Sunny Lamba
Publix Realty, Inc.
(773) 780-7717
2 in this area
98 Total Sales
-
N
Buyer's Agent in 2015
Non Member
NON MEMBER
-
Diana Peterson
Seller's Agent in 2014
Diana Peterson
AW Properties Global/Auction Works
(312) 218-6102
14 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11188340
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.
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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