7721 S Colfax Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $4,650/month
About This Home
7721 S Colfax Avenue is an 9-unit multifamily building strategically located in South Shore, offering investors strong cash flow potential in a supply-constrained Chicago market. The property provides an opportunity to acquire a multifamily asset with immediate income generating capabilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,919
Year Built
- Built in 1910
Additional Features
- 4-Story Property
- Lot Dimensions are 25x150
- Heating System Uses Gas
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $1,284
- Fuel Expense $2,983
- Insurance Expense $8,500
- Maintenance Expense $5,000
- Other Expense $5,000
- Trash Expense $2,515
- Water Sewer Expense $6,280
- Operating Expense $48,098
- Gross Income $133,380
- Net Operating Income $85,282
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,000 | $64,101 | $10,438 | $53,663 |
| 2024 | $9,000 | $64,101 | $10,438 | $53,663 |
| 2023 | $8,742 | $42,503 | $7,515 | $34,988 |
| 2022 | $8,742 | $42,503 | $7,515 | $34,988 |
| 2021 | $8,547 | $42,502 | $7,515 | $34,987 |
| 2020 | $9,134 | $41,000 | $7,515 | $33,485 |
| 2019 | $8,237 | $41,000 | $7,515 | $33,485 |
| 2018 | $9,524 | $48,217 | $7,515 | $40,702 |
| 2017 | $9,546 | $44,345 | $6,262 | $38,083 |
| 2016 | $8,882 | $44,345 | $6,262 | $38,083 |
| 2015 | $2,829 | $15,440 | $6,262 | $9,178 |
| 2014 | $1,855 | $10,000 | $6,262 | $3,738 |
| 2013 | $8,411 | $46,248 | $6,262 | $39,986 |
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 |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $650,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $587,500 | None Listed On Document | |
| Warranty Deed | $410,000 | Fidelity National Title | |
| Warranty Deed | $330,000 | Chicago Title Insurance Co | |
| Quit Claim Deed | $100,000 | Barrister Title | |
| Sheriffs Deed | -- | None Available | |
| Deed | $380,000 | Cti | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $250,000 | World Title Guaranty Inc | |
| Deed | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $560,000 | Construction | |
| Previous Owner | $328,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $264,000 | Commercial | |
| Previous Owner | $248,500 | Commercial | |
| Previous Owner | $200,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12625339
APN: 21303220070000
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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
- 7727 S Colfax Ave
- 7719 S Kingston Ave
- 7754 S Saginaw Ave
- 2646 E 77th St
- 7714 S Marquette Ave
- 2665 E 77th St
- 7724 S Essex Ave
- 7839 S Kingston Ave
- 7826 S Marquette Ave
- 7807 S Marquette Ave
- 7751 S Phillips Ave
- 7611 S Essex Ave
- 2509 E 76th St Unit 1
- 2511 E 76th St Unit 3
- 7601 S Essex Ave Unit 2
- 7843 S Marquette Ave
- 7641 S Phillips Ave
- 7840 S Essex Ave
- 7732 S Phillips Ave
- 7544 S Saginaw Ave
- 7737 S Kingston Ave Unit 3N
- 7743 S Kingston Ave
- 2542 E 78th St
- 7654 S Colfax Ave Unit 2
- 2540 E 78th St
- 7759 S Kingston Ave
- 7719 S Essex Ave Unit B
- 7833 S Colfax Ave Unit 3s
- 7833 S Colfax Ave
- 7654 S Marquette Ave Unit 2
- 7724 S Essex Ave Unit 2
- 2704 E 77th St Unit 2
- 7730 S Essex Ave Unit 2
- 7610 S Saginaw Ave Unit 7610-2A
- 7608 S Saginaw Ave
- 7841 S Kingston Ave Unit 1
- 2707 E 78th St Unit 2W
- 7601 S Kingston Ave
- 7741 S Phillips Ave Unit 2
- 7800 S Burnham Ave Unit 1
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